Funding

One Raven Raises $5M in Seed Funding Led by Fifth Wall

Jul 8, 2026 | By Startuprise io

One Raven, a Phoenix, AZ-based smart home startup, has raised $5 million in a seed funding round led by Fifth Wall.

The company will use the funding to increase production of its One Raven Home Server and its first range of devices. It also plans to expand its local AI software, grow its sales and partnership teams, and hire new employees in hardware engineering, software development, field deployment, and go-to-market roles at its Phoenix office.

One Raven has developed a privacy-focused smart home platform that keeps all data and intelligence inside the home instead of relying on the cloud. Its main product, the One Raven Home Server, lets smart devices run locally while allowing homeowners to securely manage their system remotely without subscriptions, hidden fees, or sharing personal data.

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The platform works with smart home devices such as thermostats, door locks, leak detectors, and security sensors. All devices are pre-paired and factory-configured before delivery, making the system ready to use right out of the box.

"Fifth Wall is backing Lucas and Sarah for a second time because we believe they are building the next generation of the smart home," stated Brendan Wallace, Founder, CEO, and CIO of Fifth Wall. "The first generation was fragmented, cloud dependent, and built around recurring fees. One Raven is building the opposite: a local first, privacy first platform designed for homeowners, builders, and a future where the home itself becomes intelligence infrastructure."

"The first generation of the smart home asked homeowners to send their data to the cloud and pay monthly fees for features they already owned. We don't think any of that is necessary. One Raven is built to prove there is a better model—one where the home is intelligent, simple, private, and fully owned by the homeowner," shared Roudybush, co-founder and President.

"We spent a decade building the smart home for the Renters and Commercial Owners of multifamily portfolios. One Raven is for every homeowner who wants a modern living experience while maintaining their privacy," said Lucas Haldeman, co-founder and CEO.

About One Raven

Founded by Lucas Haldeman and Sarah Roudybush, One Raven is a smart home platform focused on privacy, simplicity and homeowner control. Powered by the One Raven Home Server, the system runs locally, stores data on the homeowner's own network, and provides a connected smart home experience without subscriptions or collecting personal data.

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