Award-winning late-stage startup rapidly developing next generation of Internet of Things technologies, funding will accelerate efforts
AUSTIN, TX - (April 16, 2015) — ihiji announces that it has raised $1.8M in capital to fund next stages of growth and new product development to help manage the "Internet of Things" (IoT). Funding was led by Jopeko, LLC, representing personal capital of healthcare fund manager Peter Kolchinsky and co-managed by Joseph Kolchinsky, Managing Director of OneVision Resources. Additional investors also contributing to the Series A investment include Capital Factory, Silverton Partners, Floodgate Capital and others. Joseph Kolchinsky has also joined ihiji's Board of Directors.
Over the past few years, ihiji has effectively responded to the rapid expansion of the IoT market by building a strong development team and expanding its invision platform. Stuart Rench, ihiji CEO notes, "Since ihiji's inception in 2009 we've been focusing diligently on the IoT market and currently have a number of new products in the development process. As the market continues to mature and demand increases, this new investment will help expand our engineering team, allowing us to deliver these new solutions to the IoT technology professional even more quickly."
Peter Kolchinsky added, "Having seen the power of ihiji's invision platform in my own home, and hearing my technology integrator rave about how it streamlined the way they monitor and manage all their clients' homes, I was thrilled to have the opportunity to support the platform's further development. Though this industry's leaders are already onboard, it's hard to imagine how any technology professionals are managing their systems efficiently without ihiji's invision product today. With ihiji's upcoming product developments, the invision platform will become indispensable to every integrator and MSP in the near future. And, my family will be happy to have our home technology running ever more smoothly."
The ihiji team is excited about the upcoming developments to the secure, cloud-based invision platform, which will further enable integrators and MSPs to provide an even more efficient, superior service experience for their customers.
ihjii (eye-hee-jee) provides cloud-based SaaS solutions that empower systems integrators and technology professionals to cost-effectively deliver remote network management services to their clients. These solutions not only allow for efficient management of the network and devices that make up the Internet of Things (IoT) inside the modern home and office, they also enable resellers to create a recurring revenue stream for their business by reducing or eliminating unnecessary site visits. In fact, resellers utilizing ihiji SaaS solutions benefit from improved network performance and uptime, along with fewer service and support concerns. An award-winning global SaaS solutions provider, ihiji is based in Austin, Texas and is privately held. To learn more, visit www.ihiji.com and follow @ihiji on Twitter. If it has an IP...ihiji.