August 17, 2017 4:44 PM ET

Electronic Equipment, Instruments and Components

Company Overview of Rachio, Inc.

Company Overview

Rachio, Inc. provides intelligent sprinkler controllers that enable users to water landscapes smartly. It also offers Iro, a WiFi-enabled device that turns sprinklers on and off remotely, and enables users to schedule irrigation automatically based on factors, such as water budgets, local weather, soil characteristics, and more. The company also offers control and dashboard options through a smartphone application. Rachio, Inc. was founded in 2013 and is based in Denver, Colorado.

2040 Larimer Street

Denver, CO 80205

United States

Founded in 2013

Phone:

844-472-2446

Key Executives for Rachio, Inc.

Co-Founder and Chief Executive Officer
Co-Founder
Chief Financial Officer
Vice President of Operations
Head of Customer Experience
Compensation as of Fiscal Year 2017.

Rachio, Inc. Key Developments

Rachio Expands the Smart Home into the Smart Yard with Launch of Second Generation Smart Sprinkler Controller

Rachio announced the national release of the Rachio Smart Sprinkler Controller Generation 2, the latest version of the leading smart sprinkler controller that brings the smart home outdoors and allows users to manage their sprinkler system from any smart mobile device. The launch, which comes on the heels of a $7.1 million round of funding in November 2015, furthers Rachio's mission of transforming the smart home into the smart yard, saving users up to 50% off their monthly water bill while also helping conserve one of the planet's great resources. Generation 2 empowers Rachio users to control every aspect of their landscape via a smartphone, tablet or laptop, allowing them to manage the entire irrigation process from the palm of their hand or to simply set it and forget it. Driven by intelligent, cloud-based software, Rachio taps into the user's Wi-Fi network to analyze recent and upcoming weather and humidity levels. With this information, as well as personal soil types and lawn conditions, Rachio adapts to each individual yard, saving users water and money while giving them the beautiful landscape they want. Generation 2 also includes the first ever smart sprinkler direct integration with Amazon Echo and Alexa. This integration lets Rachio users implement weather delay and zone control commands, simply by using their voice. Already compatible with many leading smart home brands, including Nest, Xfinity, Alarm.com, Control4, Creston, IFTTT, Nexia and Wink, Generation 2's integration with Alexa provides users the most connected smart sprinkler controller on the market and seamlessly extends the smart home into the yard. The Generation 2 can efficiently water as many as 16 zones, and includes: additional sensor options for flexibility; a sleek and more compact design; more seamless, user-friendly set-up process; customized enclosure; LED lights to provide status alerts; manual controls on the box; and a reduced MSRP of $249.99. And with Gartner estimating a 30% increase in connected devices in 2016, Rachio's Generation 2 provides users the most connected smart sprinkler controller on the market and extends the smart home into the yard.

Nexia Home Intelligence Expands Offering with Support for Rachio Iro Smart Sprinkler Controller

Nexia Home Intelligence, a brand of Ingersoll Rand, and Rachio, maker of the Iro Smart Sprinkler Controller, announced new compatibility that combines Iro’s smart-sensing irrigation technology with the convenience and flexibility of the Nexia home automation system and all-in-one app. Nexia’s custom-developed compatibility with the Iro Smart Sprinkler Controller brings an important new outdoor irrigation management and conservation capability to Nexia users. Using modern irrigation techniques and real-time intelligence on the weather, zone type, regional characteristics and seasonality, Iro’s sensors and software automatically calculate the optimal watering schedule with just the right amount of water necessary to maintain a healthy landscape, reducing outdoor water usage by 30% on average.

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