Eve Systems GmbH (branded as Eve) is a German technology company specializing in smart home and home automation products. It builds Bluetooth-enabled devices like sensors for temperature, air pressure, water use, smart light bulbs, and the Eve Aqua smart water controller, serving homeowners and smart home enthusiasts. These products solve problems in home monitoring and automation by providing real-time alerts and remote control via mobile apps, with strong growth from its 2018 spin-off, retaining a established brand in the expanding IoT market.[1]
Eve originated as the smart home product line of Elgato Systems GmbH, a company known for video-recording and gaming hardware. The Eve brand launched in 2014 with a home monitoring system tracking air pressure, temperature, and water use, followed by Bluetooth-controllable light bulbs and the Eve Aqua water controller in 2018.[1] On June 27, 2018, Elgato sold its gaming division and brand to Corsair, renaming the core company Eve Systems GmbH to focus exclusively on smart home devices; earlier, in 2016, Elgato had divested its EyeTV TV tuner business.[1] This pivot built on Elgato's hardware expertise, humanizing Eve as a dedicated player in consumer IoT born from a strategic refocus amid industry shifts.
Eve rides the smart home IoT boom, fueled by rising demand for energy-efficient, privacy-focused automation amid climate concerns and remote living trends post-2020. Timing aligns with Matter standard adoption (2022+), which Eve supports for interoperability across ecosystems like Apple HomeKit and Google Home, countering fragmentation.[1] Market forces like EU regulations on data privacy and energy use favor its Bluetooth model over cloud-heavy rivals (e.g., Philips Hue, Ring). Eve influences the ecosystem by pushing premium, secure hardware standards, contributing to a projected $150B+ global smart home market by 2025, while enabling developers via HomeKit APIs.
Eve is poised for expansion through Matter 1.2+ updates and Thread integration for mesh networking, potentially accelerating growth in multi-protocol homes. Trends like AI-driven automation (e.g., predictive energy savings) and sustainability will shape its path, with new products in security or outdoor automation likely. Its influence may evolve from niche Apple ally to mainstream IoT leader, amplifying its role in seamless, private smart living—reinforcing its origins as a focused hardware innovator in a connected world.
EVE has raised $163.0M in total across 4 funding rounds.
EVE's investors include Andreessen Horowitz, BITKRAFT Ventures, Foundation Capital, Kindred Ventures, Lightspeed Venture Partners, Ludlow Ventures, Menlo Ventures, Scott Sandell, Sequoia Capital, Spark Capital, The Fintech Fund, The Westly Group.
EVE has raised $163.0M across 4 funding rounds. Most recently, it raised $100.0M Series B in September 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2025 | $100.0M Series B | Andreessen Horowitz, BITKRAFT Ventures, Foundation Capital, Kindred Ventures, Lightspeed Venture Partners, Ludlow Ventures, Menlo Ventures, Scott Sandell, Sequoia Capital, Spark Capital, The Fintech Fund, The Westly Group, Union Square Ventures, Naveen Jain, Sam Altman, Sep Kamvar | |
| Jan 1, 2025 | $47.0M Series A | Andreessen Horowitz, Lightspeed Venture Partners, Menlo Ventures, Spark Capital, Sam Altman, Sep Kamvar | |
| Oct 1, 2023 | $14.0M Seed | BITKRAFT Ventures, Foundation Capital, Kindred Ventures, Lightspeed Venture Partners, Ludlow Ventures, Menlo Ventures, Scott Sandell, Sequoia Capital, The Fintech Fund, The Westly Group, Union Square Ventures, Naveen Jain | |
| Sep 1, 2014 | $2.0M Seed | Andreessen Horowitz, Benchmark, First Round Capital, Founders Fund, Zinc, Erik Moore, FirstHand Alliance, MizMaa Ventures, Uncork Capital |
