New Investment frm ADT and Cisco

By John Honovich, Published Jul 19, 2009, 08:00pm EDT

This week, both Cisco and ADT contributed to iControl's $23M USD in Series B funding [link no longer available]. ADT's contribution is not surprising given the announcement earlier this year of the company's partnership [link no longer available]. iControl is pursuing the home monitoring market for both security and energy management (dubbed by them "Home Security 2.0 [link no longer available]"). 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.

Comments : Members only. Login. or Join.
Loading Related Reports