Parks Associates Research Reveals the Connected Garage Door Is Most Frequently Used Smart Home Device
Yolanda Redrup for Financial Review: An Australian start-up that has developed an app to enable old household appliances to be upgraded for home automation systems, will expand to the US and raise $7 million after impressing executives at tech giant Microsoft.
iGloo uses Bluetooth technology to enable home heating systems, lights, blinds and other appliances to be controlled by a mobile app. Its development has been buoyed by support from Microsoft after a local executive saw co-founders Kaye Priest and David Cowie presenting it at the Melbourne Home Show two years ago.
The business is now readying to raise $7 million in capital, $5 million of it from the United States, which it intends to get under way once it has established a US office this month.
"Microsoft invited us to their headquarters in Seattle last year and facilitated a meeting between us and the largest manufacturer of gas fires in the United States," Ms Priest told The Australian Financial Review. Cont'd...
Parks Associates speaking at key IoT events this week: Internet of Things World, Future Connected Cars, and ATA
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