New Investment frm ADT and CiscoBy: John Honovich, Published on Jul 19, 2009
This week, both Cisco and ADT contributed to iControl's $23M USD in Series B funding. ADT's contribution is not surprising given the announcement earlier this year of the company's partnership. iControl is pursuing the home monitoring market for both security and energy management (dubbed by them "Home Security 2.0"). Total funding now stands at a reported $45M USD.
The service claims a video surveillance component though it their overall offering is somewhat outside the scope of the video surveillance market. I have not previously analyzed iControl but am happy to do so if there is reader interest.
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