Roost develops a smart home security solution that integrates professional monitoring with homeowners insurance, providing users with affordable and comprehensive protection. Their technology alerts homeowners to potential hazards such as water leaks and smoke, enhancing safety and reducing insurance costs.
Funding
$10.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional home security systems can be expensive and complex, requiring professional installation and long-term contracts. Many homeowners lack comprehensive protection against common hazards like water leaks, smoke, and extreme temperatures, leading to significant property damage and increased insurance costs.
Solution
Roost offers Security360, a smart home security solution that combines professional monitoring with homeowners insurance, providing affordable and comprehensive protection. The system utilizes smart sensors to detect potential hazards such as water leaks, smoke, and extreme temperatures, alerting homeowners and, if subscribed, a professional monitoring center for rapid response. By integrating with existing homeowners insurance policies, Roost aims to reduce insurance costs and provide peace of mind through proactive hazard detection and mitigation. The company also provides commercial insurance solutions that immediately alert policyholders to water leaks, extreme temperatures, and smoke alarm alerts.
Target Audience
Roost targets homeowners seeking affordable and comprehensive home security solutions, as well as commercial carriers writing property coverage in select verticals including small & medium businesses, multi-family-properties, houses of worship and small hotels.
Features
- Smart sensors for detecting water leaks, smoke, and extreme temperatures
- Professional monitoring services for rapid response to detected hazards
- Integration with homeowners insurance policies for potential cost savings
- Mobile app for real-time alerts and remote monitoring
- Wireless and easy to install
- White-label solutions for insurance carriers