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...
Karissa Neely for Daily Herald: In its first round of venture capital funding, Vivint Smart Home, the Provo-based leading provider of smart home technology and services, announced a $100 million equity investment co-led by tech investor Peter Thiel and investment firm Solamere Capital.
The strategic investment will help fuel Vivint’s rapid growth and product innovation as it extends its preeminent position in the growing smart home market.
A venture capitalist and entrepreneur who co-founded PayPal, Thiel is known for backing transformational technology companies, and was the first outside investor in Facebook and is one of the largest shareholders of Airbnb.
“For Peter and Solamere to place their confidence in Vivint as the smart home leader is a huge validation of what we have built and where we are headed,” said Todd Pedersen, founder and CEO of Vivint Smart Home, in a press release. “The fact that they are investing in our future demonstrates their passion for our business and their vision for this industry. We look forward to working together to redefine the home experience.” Cont'd...
Thirty Million U.S. Households Projected to Add Smart Home Technology in Next 12 Months, August Home and Xfinity Home Study Reveals
Ecommerce News: The Internet of Things is wildly popular among consumers. UK department store chain John Lewis has now launched a new smart home department to showcase all kinds of gadgets that should make the consumer’s life at home more convenient.
John Lewis launched a 93 square meter department dedicated to gadgets, such as an oven that can be turned on from the office or a bedside device that measures the quality of sleep. According to the department store chain, it’s the largest fixed retail offering dedicated to smart home technology in the UK.
John Lewis decided to open the new department after an 81 percent increase in sales of smart home products in the past year at the British store. Also, 18 times more people searched its website for smart home products in 2015, compared to the previous year. Cont'd...
By: John Dewey for TechNewsToday: Amazon has been making huge strides ever since it launched the popular speaker, Echo. A market research firm, Consumer Intelligence Research Partners (CIRP), revealed yesterday that the e-commerce giant has sold almost 3 million Echo speakers since its launch, as reported by GeekWire.
The online retail giant launched Amazon Echo in 2014. The company initially launched the device on an invite-only basis but it was made available for the general public in June 2015. In addition, the sales of the device slowly increased as the word spread out among consumers about its abilities such as it can control the lights or thermostat of any connected house.
According to CIRP, the awareness about the device among customers has doubled in the last year. Moreover, the market research firm based its conclusions on the survey of 2000 consumers in the US who bought the Echo via the company’s website. Cont'd...
Lily Prasuethsut for Wareable: The Internet of Things is a burgeoning industry that seemed like it was going to take off several years ago, but the hubbub has since died. That doesn't mean the interest is gone though - rather no one really knows what to do with all their smart devices.
Take for example, Apple HomeKit or Nest, or Samsung's SmartThings platforms. They're all ready and available - but not quite. Most products still require you to download third party apps just to connect to HomeKit in order to use Siri.
Essential reading: Follow Our quest to build the ultimate smart home
Physical hubs are available but that means you'll need yet another piece of hardware in your already crowded smart home. Essentially, there's no glue holding these products together - at least not one that's good enough to overcome the saturated market.
That's where Yonomi comes in. The app wants to quiet the smart home static by bringing in one simple system so all of your gadgets have their own place to call home. We spoke with Yonomi co-founder and CEO Kent Dickson to figure out why there's no solid platform, and learned how the company plans on changing the smart home space. Cont'd...
Records 76 to 90 of 309