Ring has become a leading brand in the home security industry, having raised over $200 million in funding from famous faces such as Virgin founder Sir Richard Branson. The innovative Ring team lead by inventor Jamie Siminoff have released some of the most popular home security products. The company was originally called Doorbot but rebranded to Ring in 2014, which coincided with a $5.5 million funding round. In an interview with NamePros, Ring's founder Jamie Siminoff said: Today, information has come to light that may have revealed the price that Ring paid to acquire Ring.com. An LA Times article shared on Twitter by DotWeekly's Jamie Zoch (@Yofie) is quoted as saying: Ring.com's Current WebsiteDoes this indicate that Ring's founder paid $1 million for the Ring.com domain? I sent a message to Jamie Siminoff to ask for more information, but unfortunately, Ring's founder cannot confirm the exact sales price. If the figure quoted in the LA Times is correct, it would place Ring.com as DNJournal's joint ninth largest sale of 2014, tied with QNB.com, Check.com and BTC.com. If you missed our interview in 2015 with Jamie Siminoff, it is available to read, and it contains several interesting points as to why Jamie opted to acquire Ring.com in the first place. Update on Jun 14, 2017: We have received confirmation from a third party that the price of the Ring.com domain name was indeed $1 million. We are currently working to further verify this information. Update on Jul 24, 2017: We've received further details from an anonymous source regarding the Ring.com sale. According to a screenshot sent by our source, the sale of Ring.com included an initial payment of $175,000 followed by a later payment of $825,000, bringing the total to $1 million.