Ecovent Closes $6.9 Million in Funding to Bring Room-by-Room Temperature Control and Comfort to Homeowners
Ecovent, the maker of the only intelligent home zoning system that delivers complete room-by-room climate control, today announced that it has closed a $6.9 million Series A funding round led by Emerson Climate Technologies, a business segment of Emerson (NYSE:EMR). The round includes participation from Tamarisc and Blue Fog Capital.
Ecovent started the year being named Automation Product of the Year at CES 2015, and has struck a chord with consumers, bringing in more than $1 million in pre-orders. Ecovent is transforming the home by giving consumers control over their comfort in every room. Ecovent's advanced system of wireless vents and sensors intelligently diagnose the factors impacting room temperature and automatically adjust airflow into each room to achieve the perfectly desired temperature. With Ecovent, homeowners have the ability to control the temperature of each room individually through an app, saving energy and money by heating and cooling only the rooms that need conditioning instead of the entire home.
"Today's cars allow passengers and drivers to set individual temperatures, yet most homes have only one adjustable zone, and it's time to change that," said Dipul Patel, CEO and co-founder of Ecovent. "We developed the Ecovent system to give people room-by-room temperature control in any home - automatically. It's incredibly exciting to have the support of an industry titan like Emerson to help us bring Ecovent to a larger audience as we change the way homeowners experience comfort in their homes." Full Press Release:
By Jenny McGrath for DigitalTrends: Last March, Honda showed off its state-of-the-art smart home, which is so energy efficient it actually produces more energy than it uses. But it wasn’t just a slick showpiece. For the last nine months, the Bennett/O’Hara family has been living in the Honda Smart Home on the University of California campus in Davis, and they like it so much, they’ve decided to extend their stay another year.
You can’t really blame them. It’s 1,944 square feet, runs on solar energy and battery power, and it doesn’t even need air conditioning. Everything from the lights to themusic is controlled through an iPad app. The blinds and lights are programmed to open and close automatically. Because its plans are all open-source and it produces more energy than it uses, it’s an excellent potential model for future California homes, because all new houses there will have to be net zero beginning in 2020.
If it seems odd for a car company to get involved in home automation, it’s because Honda is actually looking at the bigger picture. Honda and UC Davis researchers are looking at how devices work together, and how they can influence climate change, according to Smithsonian Magazine. The dishwasher is from Bosch and KitchenAid made the refrigerator, but the energy management system is Honda’s. The company also wanted someone in the family to drive about 30 miles per day, testing its electric Fit and accompanying charging equipment. Cont'd...
The SwannOne system begins with the SwannOne Smart Hub and iOS or Android app for easy control and endless applications. Then add on the SwannOne SoundView Camera to monitor and record what’s happening in your home. There is even a tamper detection feature which sends an alert to your phone if an intruder attempts to break or move the camera.
Built-in microphones are smart enough to analyze certain sounds like breaking glass, baby cries, car alarms, and even gunshots. It will only send a notification for major noise disturbances, and not innocent ones like a dropped wine glass on your kitchen tile. SwannOne also listens and protects the home from smoke, fire, and carbon monoxide threats by hearing the alarms going off, and launching an alert. If the user is not reachable, SwannOne can even connect with emergency services via an optional professional security monitoring service.
Aaron Tilley for Forbes: It’s been more than a year since Apple AAPL -1.54% announced HomeKit, its system for connecting smart home devices through iOS. And as with all things Apple, expectations are high. Maybe too high.
So far, only five companies have launched HomeKit-certified smart home devices. What’s the hold up? Apple has thrown a plethora of challenges at hardware makers, and some developers say one of the biggest is complying with Apple’s strict security requirements on Bluetooth low energy devices.
Apple allows for either WiFi or Bluetooth low energy (LE)-enabled devices to get certified as a HomeKit accessory. Apple is requiring device makers using both WiFi and Bluetooth LE to use complicated encryption with 3072-bit keys, as well as the super secure Curve25519, which is an elliptic curve used for digital signatures and exchanging encrypted keys. Cont'd...
Nate Swanner for TNW News: Google and Apple both have a solution for your connected home. Whether you’re interested in Project Brillo or HomeKit, the promise of a truly connected home is exciting, because let’s be honest — the connected home sucks right now.
In fact, I bristle at even calling current solutions a connected home. While devices might connect to your phone, they don’t link to one another, and that’s potentially much more important.
As an example, I’ll take my own “connected” home. I have some pretty great individual solutions in Simplicam, Scout Alarm, and August. I’ve also entertained other solutions to control things like a garage door or lawn sprinklers.
But to what end? Adding more to the mix only creates more disparate parts to my “smart” home. If my camera can’t talk to my home security system, why would I think the door lock could trigger itself when my connected outdoor lights go on at night?
It’s worth noting that some connected home security systems are all-encompassing (iSmartAlarm comes to mind), but those bundles don’t come close to bridging all the gaps.
Project Brillo, still in its infancy, has a lot of upside. For manufacturers wanting to build devices specifically for Brillo, Google has specs they can follow. Brillo is also based on “the lower levels of Android,” which opens it up in a big way for hardware manufacturers who may want to create simple solutions. Cont'd...
The Nest-led Thread Group expects the first Thread-certified home-automation products to be available to consumers late this year now that the organization has released the Thread specification. The new IP-based wireless networking protocol designed for low-power connected products in the home. Starting today, product developers who are members of the Thread Group can access Thread technical specifications and documentation to build Thread-compliant products.
"Thread was designed to be the foundation of the Internet of Things in the home by allowing developers and consumers to easily and securely connect hundreds of devices within a low-power, wireless mesh network," said Chris Boross, president, Thread Group. "In the nine months since opening membership, more than 160 companies have joined the Thread Group, and now the group is launching the Thread technical specification, which has now completed extensive interoperability testing. Today's announcement means that Thread products are on the way and will be in customers' hands very shortly. I'm excited to see what kinds of products and experiences Thread developers will build."
Aaron Tilley for Forbes: At an event on Thursday afternoon, Target will unveil what it calls the Target Open House, a 3,500-square-foot retail space located in San Francisco’s Metreon shopping center with a house inside made of transparent walls and furniture. The transparent house is packed full of smart home gadgets.
More than 30 devices are placed around this demonstration house, including smart home gadgets like the August smart lock, the Nest learning thermostat and Sonos wireless speakers. But not all the devices are related to the home – Jawbone and Fitbit fitness trackers will also be present.
The space is focused on showing consumers what all these products do and how they can work together. Target is using an app called Yonomi, which syncs up connected devices together in the cloud, to get them talking to each other. For example, a baby monitor could detect if a baby starts stirring in a crib and could tell the Sonos speakers to play ambient background noise to soothe the baby back to sleep.
Although it is a retail spot, Target wants the space to also be used for local smart home entrepreneurs to meet up, do product demos and give talks. Cont'd...
BY JOEL GRIFFIN: There was a time in the residential security market when having home automation features to go along with window and door contacts and motion detectors was simply a “nice to have” rather than a “must have” offering. The industry has evolved to the point, however, where even the term “home automation” is passé, having given way to the more commonly used terminology of “connected home” or “smart home” space in which security is part of much bigger overall solution for today’s homeowners.
The growing prevalence of this technology was further reinforced late last month when Alarm.com, one of the dominant players in the smart home space, launched an initial public offering on the NASDAQ.
According to John Mack, executive vice president, co-head of investment banking and head of mergers & acquisitions at Imperial Capital, which acted as a co-manager on the offering, the IPO serves as a “strong validation” for this paradigm shift that has taken place with regards to the integration of home security with automation and where the market could eventually go.
“I think it is very important for the overall security alarm industry to see what has really been the leading player in home automation software and has really played a key role in enabling the home automation side of this industry to be able to go public at a very attractive valuation and get a lot of very positive attention from the best of the investment community,” explained Mack. “A lot of the validation that came with a big valuation for Alarm.com is effectively a view of the potential for the whole industry.” Cont'd...
Tim Hornyak, IDG News Service: Struggling electronics maker Sony has moved further into the crowdfunding scene by starting its own platform to raise funds for internally generated business ideas, including a new universal remote control with an electronic paper interface.
Launched Wednesday, First Flight is a crowdfunding and e-commerce platform designed to take product proposals from the ideas to sales. It’s only available in Japanese and is limited to Sony’s in-house projects.
First Flight has three stages, a teaser stage, in which new ideas can be previewed and discussed, followed by crowdfunding and e-commerce.
“One of the strengths and aims of First Flight is to facilitate ongoing dialogue with customers from initial development through to market introduction, by seamlessly connecting each phase from previewing and crowd funding to e-commerce,” a Sony spokeswoman said. Cont'd...
Mari Silbey for LightReading: If the first phase of the smart home is about adding sensors to light bulbs and door locks, the second phase is about collecting and analyzing data to make the smart home even smarter. Icontrol is moving on to the second phase, announcing that it has teamed up with Canadian company mnubo to bring data analytics to its popular smart home platform.
There's been no question that analytics will play a large role in connected homes of the future. It's a short leap from telling your home to flip the lights when the front door opens to having the smart home system understand that a door opening means the lights should come on, or that at 6 p.m. the family is headed home and the lights and temperature should be adjusted accordingly. With data collected over time, a machine learning system for the smart home can start to predict user preferences.
Icontrol believes it has an advantage in this emerging phase of the market because its scale means it has more data to work with than many of its competitors. The company is the dominant platform provider in the US cable industry, and Icontrol says its software is already tracking more than 26 million sensors and devices. The platform is expected to manage more than 100 billion transactions worldwide in 2015. Cont'd...
By Benny Evangelista for SF Gate: Sears is trying to connect with the Bay Area’s tech-savvy crowd with a smart home device showroom in its San Bruno store.
The retail chain opened a 4,000-square-foot Connected Solutions showroom in its Tanforan mall outlet this week, giving customers an Apple Store-style experience with more than 100 smart home gadgets, from video doorbells to Internet-connected garage door openers and light bulbs.
Sears is also building smaller showrooms with about half the number of products in 200 stores around the country. But Sears wanted to plant its flagship showroom near Silicon Valley.
By Howard Whitman for Dealerscope: Electrical and digital building infrastructure specialist Legrand has unveiled Intuity, its new home automation platform specifically developed for homebuilders.
According to the company’s announcement, Intuity was created to give “production homebuilders and installers serving the mainstream housing market a cost-effective, modular and repeatable solution for controlling entertainment, security and comfort within a home.”
“Homeowners today expect connectivity and control in new homes,” stated Legrand VP & General Manager for its On-Q and NuVo lines Fritz Werder. “Most new homebuyers are making home automation a priority. Intuity gives builders a unique, easy-to-install platform that meets buyer expectations without delaying the building process.”
Werder said Intuity was created to provide homebuilders with a modular, easy-to-sell home ecosystem that would support homeowners’ most-requested home technologies. Cont'd...
One Quarter of Millennials Have Begun Building Smart Homes and Four-in-Ten Want One, According to The NPD Group
by Stacey Higginbotham for Fortune: Early adopters, venture capitalists and entrepreneurs have bought into the idea of a smart home, but mainstream consumers haven’t.
Leeo, a company that makes a connected nightlight that doubles as a smoke detector for the mobile era and has raised $37 million in funding, laid off about 30% of its staff Wednesday. Earlier this month, we reported that product manufacturing shop Quirky was unwilling to support its home hub software company Wink and it has put it up for sale, according to sources. Meanwhile, a home automation management device built by startup Ninja Blocks failed to raise funding and shut down.
Smart home startups like Goji and Plum are so late to market with their products that supporters who gave them money through their crowd-funding campaigns have given up on them. Goji’s smart lock was supposed to ship 18 months ago. Now the company is only shipping a small number of locks and plans to fulfill all other orders by August. Plum, a connected Wi-Fi light switch maker founded by the former head of CEDIA, the trade association for professional home automation installers, announced its product in early 2013 and plans to ship later this year. They were supposed to be ready in August 2013.
With $454 million invested in connected home companies last year, there is plenty of money riding on the smart home. According to CB Insights data, smart home startups took in a little over $1 billion in funding between 2012 and 2014. Cont'd...
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