Connected home startup Control4 files for an IPO for up to $60M

Decade-old smart home startup Control4 filed for an IPO on Monday, which could see it raise up to $60 million if it goes public.

Control4 makes software that connects home devices and appliances including lights, door locks, video cameras, and security systems. The company said in its filing that it’s connected 120,000 homes with its smart software, and generated $109.5 million in revenue in 2012, with a net loss of $3.7 million for 2012.

The market for connected home devices has been growing steadily for a variety of reasons. More service providers like cable companies and telcos have been offering smart home services. The prevalence of home Wi-Fi networks has enabled home owners to begin to connect a variety of wireless devices in homes. And bandwidth to homes is now high enough to enable many home owners to do things like remotely check video camera streams from a mobile phone.

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This is Control4 Home Automation with Amazon Alexa.

This is Control4 Home Automation with Amazon Alexa.

INTRODUCING THE SIMPLEST WAY TO CONTROL YOUR ENTIRE HOUSE YOUR VOICE. Imagine this... We've all been there-walking through the door into a dark house, arms full. Wouldn't it be nice to tell your house to offer a helping hand? Now you can. A simple voice command-such as "Alexa, turn on Welcome"-lights up the hallway and kitchen, fires up your favorite Pandora station, while the door locks itself behind you. This is Control4 Home Automation with Amazon Alexa.