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
Billy Steele for enGadget: Bowers & Wilkins has been cranking out solid audio gear for the better part of three decades, but it's being acquired by a company that's only been around since 2014. Eva Automation, a Silicon Valley startup founded by former Facebook CFO (and San Francisco 49ers co-owner) Gideon Yu, is the new owner of the audio brand. Little is known about the company other than its 40-person staff has the somewhat vague mission of "making products that will change how people interact and think about the home." Although it has been around for two years, Eva Automation hasn't released any products yet.
The most obvious question is why a trusted name in audio would sell to such a young company. Well, Bowers & Wilkins CEO Joe Atkins hinted at a sale last year before talks with Eva began. Atkins also admitted that the company doesn't have the know-how to build audio gear that leverages the cloud, despite a range of devices that allow users to play music with features like AirPlay. We'll have to wait a while to see any new products, as Yu says the first new gear is planned for mid-2017. Perhaps Amazon's Echowill see some competition next summer. Cont'd...
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