iDevices Raises Additional Capital to Expand Market Leadership

This capital raise will support iDevices in continuing to bring leading connected home products to market.

Avon, Conn. - February 12, 2015 - iDevices, the preeminent brand and development partner in the Internet of Things (IoT) market, has closed its Round C venture capital raise. Allegion, plc. (NYSE: ALLE), a leading global provider of security products and solutions, led the raise. Connecticut Innovations, an organization that helps Connecticut businesses grow through creative financing and strategic assistance, made a supporting investment in the capital raise by iDevices.


Allegion is making a significant equity investment in iDevices through Schlage Lock Company, forming a strategic alliance to expand its innovative footprint in the growing IoT market. Both Schlage and iDevices launched next generation connected home solutions at the 2015 International Consumer Electronics Show, Schlage SenseTM and the iDevices Switch. The partnership will amplify both companies' impact on the market and connected home.

Allegion Senior Vice President and President of the Americas, Tim Eckersley, said the company would leverage iDevices' technology platforms and IoT expertise to accelerate new product development for the future of home automation.

"Allegion is forging a path of innovation for IoT security products and solutions," Eckersley said. "With our latest connected products like Schlage Sense and ENGAGE technology, we're emphasizing the convergence of mechanical and electronic technologies to pioneer safety. A strategic investment in iDevices, a premier IoT brand, strengthens our expertise in that convergence. We will continue to provide value to our customers with locks that are both strong and intelligent."

iDevices CEO, Chris Allen, agreed the two companies' strategic priorities align. "This alliance has been a clear move for iDevices since the start of our relationship with Allegion. Both companies share a passion for bringing high-quality home products to market with a strong focus on creating unprecedented user experiences," said Allen. "I truly believe this strategic alliance with Allegion marks a major step toward not only revolutionizing the connected home, but also emphasizing security in home technology with Allegion's history of protection."

This capital raise will support iDevices in continuing to bring leading connected home products to market. It will also be used to strengthen iDevices' position for progressing partnerships with top home product companies for advanced IoT development.

Featured Product

PureLink - HCE III TX/RX: 4K HDR over HDBaseT Extension System w/ Control and Bi-Directional PoE

PureLink - HCE III TX/RX: 4K HDR over HDBaseT Extension System w/ Control and Bi-Directional PoE

The HCE III Tx/Rx HDBaseT™ extension system offers full HDMI 2.0 compliance supporting HDR (High Dynamic Range) and 4K@60Hz with 4:4:4 chroma sampling. Featuring PureLink's proprietary Prcis codec, a light compression technology, the HCE III can transport Ultra HD/4K, multi-channel audio, and High Dynamic Range (10 bits support) content over a single CATx cable. The HCE III provides HDMI extension up to 130 feet (40 meters) at Ultra HD/4K and up to 230 ft. (70 meters) at 1080p over category cable with embedded multi-channel audio, CEC pass-through, bi-directional RS-232 and IR control, and PoE - all with zero loss and zero noise. The HCE III Tx/Rx also supports Dolby TrueHD, Dolby Digital Plus and DTS-HD Master Audio plus LCPM (up to 192 kHz). Additionally, the low profile "slim box" enclosure design make the HCE III ideal for limited space installation environments, such as behind flat panel displays and video walls.