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.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

ELK Products -M1 GOLD with Two-Way Wireless

ELK Products -M1 GOLD with Two-Way Wireless

The M1 Gold Security & Automation Control combines security, fire, energy management, lighting, and access control to provide total control of the home. Easily integrating with products of industry partner manufacturers, M1 controls offer a truly customized solution. With remote access capabilities and simple, user-friendly interfaces, M1 keeps homeowners informed and in control, anytime, anywhere! ELK's Two-Way Wireless family of products for the M1 offers a truly secure and reliable wireless solution with cutting edge techniques such as frequency hopping and UL approved jamming detection to defend against interference, hacking, and jamming. Advanced features ensure reliability, extend battery life, and provide innovative security enhancements including wirelessly interconnected smoke detectors, motion detectors with built-in security/convenience lights, and key fobs with a system status inquiry button, allowing users to see if an alarm has been activated before entering the home.