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.
Aastra Launches Wireless Conference Phone - New Levels of Freedom and Flexibility for Audio and Videoconferencing
Technology Innovations Drive the Global Outdoor Advertising Market, According to New Report by Global Industry Analysts, Inc.
Telecom Italia Selects YCD Multimedia's Digital Signage Platform for Its Flagship Store at Rome's International Airport
Records 6586 to 6600 of 28118