Alarm.com Holdings, a cloud-connected home security and energy platform with 2.3 million subscribers, announced terms for its IPO on Monday. The Vienna, VA-based company plans to raise $98 million by offering 7 million shares at a price range of $13 to $15. At the midpoint of the proposed range, Alarm.com would command a fully diluted market value of $669 million. Alarm.com, which was founded in 2000 and booked $176 million in sales for the 12 months ended March 31, 2015, plans to list on the NASDAQ under the symbol ALRM. Goldman Sachs, Credit Suisse and BofA Merrill Lynch are the joint bookrunners on the deal. It is expected to price during the week of June 22, 2015.
Color perception is not just affected by narrow primaries. It can happen in conventional displays with seemingly conventional images. A good example was the infamous "blue dress" that some thought was white with gold trim.
Google Inc.’s GOOGL Nest Labs is gearing up to release a wireless home security camera to expand its range of "Internet of Things" (IoT) product lineup. The information became public through leaked images on U.S. website Droid-Life. The revelation comes a week before Nest’s press conference on Jun 17 in London and San Francisco, CA, where it is slated to unveil the next-generation of the wireless camera Dropcam, called the Nest Cam. Droid Life noted that Nest and Google have been testing the new camera for some months now. The images reveal that the camera looks similar to a Dropcam, which Nest Labs acquired in June last year for $555 million in cash. Dropcam is a video-monitoring and Internet home security camera maker. Nest Cam is the latest development of Google’s Nest brand since it acquired the home automation startup in Jan 2014 for $3.2 billion. Nest Labs focuses on offering simple and aesthetically pleasing hardware, software and services, like the Nest Learning Thermostat, Nest Energy Services and Nest Protect: Smoke + Carbon Monoxide.
News announcements from the show. You are welcome to post your company Infocomm news here too.
Jim Kim for TechCrunch: The smart home industry won’t be advanced by throwing as many sensors into a device as possible or creating a robot controlled by voice commands. Similarly, the industry isn’t waiting for a breakthrough technological advance to finally achieve its potential. The technologies essential to developing smart home products — Bluetooth and product sensors that make up the Internet of Things — aren’t new; they’ve been around for decades. To establish market dominance, companies must develop ecosystems or a unified platform of elegant user experiences to enable the convergence of the full range of smart devices. Asian consumer electronics companies, especially recent Chinese wunderkinds such as Xiaomi have been building a tremendous production advantage based on three key elements: engineering, manufacturing and massive scale. With rapid innovation cycles that produce high-quality, low-priced goods, Chinese companies have the scale and consumer base to set the standard for interoperability — possibly before they even enter the U.S. smart home market. U.S. companies that want to thrive should redouble their efforts in providing products with real utility to the customer while closely monitoring the progress of Chinese companies. Their very survival could depend on it.
Who wouldn't want to program the path of a drone and stream its 4K footage to their mobile device?
Today, the team behind such technologies and products as the iPhone, Apple Watch, GoPro and FitBit have announced the June Intelligent Oven — a powerful and easy-to-use computer-based countertop oven designed to bring the kitchen into the smart home era and make everyone a better cook. June combines professional-grade technology with a powerful quad-core processor, built-in camera, sensors and Internet connectivity to take out the guesswork of making perfectly cooked foods. The result is the world's most intelligent oven, and the next evolution in cooking for the digital age. June has raised $7 million in Series A funding led by Foundry Group, First Round Capital, Lerer Ventures, and Founders Fund Angel to accelerate product development, manufacturing, and recruiting.
Michael Wolf for Forbes: HomeKit is Apple’s attempt to bring sanity to the smart home space (and also sell a lot of iOS devices while they’re at it), but unlike Apple Watch the effort involves a whole bunch of hardware partners. In fact, it’s probably the first major Apple strategic initiative that is as much about other companies hardware as its own, which is what makes HomeKit both so compelling for the industry and challenging for Apple itself. Compelling because many believe Apple’s entry into the smart home will bring both consumer attention and possibly more coherence to what’s been a fairly fractured market to this point. In my view this may be the biggest impact of HomeKit, alongside putting a core smart home control app on iOS devices. Long term, we expect HomeKit to become one of the most important platforms for companies building connected devices for the home, to the tune of 180 million HomeKit enabled devices shipping annually by 2020.
We're reaching the point where good science/technology will be put to use in ways the pioneering developers never intended.
John Patrick Pullen for Time: When Microsoft announced this week that Windows 10 would be available July 29, Start Button devotees the world over rejoiced. But the return of everyone’s favorite app launcher is just one of many new features rolled into the forthcoming operating system. The biggest and most exciting element added to Windows computers is one that went largely unmentioned: smart home control. Microsoft announced last November Windows 10 would pack a technology called AllJoyn. An open source framework that encourages devices to be interoperable, AllJoyn was developed by the AllSeen Alliance, a group of more than 150 companies including the likes of Electrolux, Honeywell, LG, and Qualcomm that have banded together to make an open standard for Internet of Things (IoT) devices to speak to each other. “AllJoyn technology is like dial-tone for things,” says Philip DesAutels, a senior director of IoT at The Linux Foundation. What he means is this new protocol harkens back to how when you bought something to plug into your home’s phone jack — an answering machine, a cordless phone, a fax — it would just work. The idea behind AllJoyn is that whatever smart home products you buy, no matter the manufacturer or which wireless method they use to connect, when they get plugged in, they are detected and connected to all the other AllJoyn devices on the network. Cont'd...
What is HDR? In simple terms, most would agree that it is an expansion of the contrast of an image and the display coupled with a significant elevation of overall image brightness.
Aaron Tilley for Forbes: Five startups are announcing the launch of the very first HomeKit-certified devices today. HomeKit is Apple’s standard for how third-party smart home gadgets connect in iOS. These five HomeKit-compliant devices include: Ecobee’s $250 WiFi-connected thermostat. Elgato’s line of sensors that collect data on air quality, humidity, air pressure, temperature as well as energy and water consumption. iHOME’s smart plug that allows users to turn on and off appliances wirelessly. Lutron’s bridge device that connects the HomeKit standard with its connected lighting system. Insteon’s bridge device that connects its massive catalogue of existing home automation devices with HomeKit. Each of these device makers had to go through Apple’s MFi (“Made for iPhone/iPod/iPad”) program to achieve certification. Apple requires device makers to install an authentication chip in their product as well as go through extensive usability testing to make sure the products live up to Apple’s lofty standards.
Adam Clark Estes for Gizmodo: Smart lighting systems like Philips Hue are futuristic and awesome and, typically, expensive. But IKEA wants to offer this type of technology to the masses. The Swedish flatpack furniture empire is developing an entire smart home system, and it looks futuristic and awesome and, you guessed it, cheap. This shouldn’t come as a huge surprise. IKEA’s been inching into the home electronics business very deliberately, and it’s only natural that it would want to upend the burgeoning smart home market. Creating with a connected lightbulb system makes good sense. We already saw IKEA’s affordable, motorized sit/stand desk last fall. Then, came IKEA’s versatile and customizable wireless charging system that hit stores this spring. But next fall, the so-called Home Smart II Lighting Collection will take things to a new level. At least, IKEA says it’s going to do this. I recently visited IKEA’s headquarters in Älmhult, where the company was showing off all kinds of new goodies, from vegetarian meatballs to couches made out of paper. At an event that I can only describe as a science fair for furniture, I learned a little bit about how the new lighting system will work. Since I didn’t test the products themselves, I’ll offer you IKEA’s description of the system, which is being developed in collaboration with Frog Design. Cont'd...
By Jacob Kastrenakes for The Verge: The promise of the smart home is a world of appliances that anticipate your needs and do exactly what you want them to at the touch of a button, but that vision devolves into chaos when none of those devices can actually talk to each other. That's more or less the state of the smart home today, but now Google is trying to offer a solution. At its developers conference this afternoon, Google announced two pieces of software for the smart home and the broader collection of connected devices around us, increasingly known as the internet of things. Those two pieces are Brillo, an operating system, and Weave, a common language for devices to talk to one another. And importantly, Weave doesn't have to run on Brillo — so appliance manufacturers can theoretically add it on to their existing products. With Weave, Google is creating a "common language" that devices can use to talk about things like locking a door, taking a photo, or measuring moisture. Google will keep adding more functions as it thinks of them, and developers will be able to submit their own functions, which Google will vet and potentially add in. Weave devices are even required to go through a certification program to ensure that they work properly.
Content Insider #391 - New Content Leaders: Indie Filmmakers Grow in Importance at NAB Booths, Sessions
You didn't have to be a Jedi at NAB (National Association of Broadcasters) to know there was a giant tear in the M&E (media and entertainment) industry this year.
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Energy & Other Home Systems - Featured Product
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