iControl Raises Another $50M for Home Automation Platform

Cisco, Comcast Ventures, Intel Capital, Rogers Communications and Tyco lead $50M venture round for home control vendor, bringing total funding to roughly $125M.

By Julie Jacobson
June 21, 2011
In what may be the biggest money-raise in home automation history, iControl has secured another $50 million in venture capital.

The company, which powers ADT Pulse and a start-up home automation initiative from Comcast/Xfinity, raised the money from Cisco, Comcast Ventures, Intel Capital, Rogers Communications and Tyco International.

Tyco is the parent company of ADT, iControl’s first substantial customer. Tyco also is the parent of alarm manufacturer DSC, which announced in April that it too would offer a home automation system based on the iControl platform.

iControl provides a SaaS (software as a service) solution for the remote monitoring and management of a home’s security, lighting, thermostats and other home automation devices.
--------------------------------------------------------------------
RELATED: Architecture of iControl System: What it Can & Can’t Do
Architecture of uControl/iControl SMA System (PLUS subscription required)
--------------------------------------------------------------------

Last year, iControl “merged” with competitor uControl in a deal that was largely considered to be an acquisition. uControl itself had raised about $24 million before announcing a single customer, bringing iControl’s take to more than $125 million.

Recently, Comcast announced it would use iControl for its new Xfinity Home Security offering. Specifically, Xfinity is using the uControl platform (called iControl SMA) which is a self-contained ZigBee-centric solution. ADT and DSC are deploying the original iControl solution, which blends standard security systems (GE, Honeywell, DSC) with a Z-Wave-enabled home automation hub.

Control4 appears to be the second biggest money-raiser in the home control business, with roughly $100 million in funding. The most recent round of was led by Cisco, which is deploying Control4 in its smart communities. Cisco also has been a long-time investor in iControl, and participated in the most recent round of funding.

RELATED
Motorola, Honeywell Developing Turnkey ‘Connected Home' System
Comcast/Xfinity Reveals Pricing, Rollout for Security and Home Automation
Is ZigBee the Right Choice for Xfinity Home Security? (CE Pro Plus subscription required)
iControl Seeks $30M; Total Venture Funding to Exceed $75M
DSC Taps iControl for Cloud Security, Home Automation
How Security Will Help Home Automation Thrive
How it Works: 2Gig and Alarm.com (Plus)
Honeywell’s Home Automation Touchscreen: Security Optional
Honeywell Debuts Total Connect 2.0 at EHX
Integrator: Security is Our Exit Strategy
Behind Somfy’s Tahoma System: A Sleeper Home Automation Engine (Plus)
Will Verizon Win the Home Automation Wars?
image How to Earn Recurring Revenue with Security, Remote Management
Bringing Sexy Back to Security
AT&T Acquires Xanboo, Developer of Home Automation Platform
Motorola Back in Home Automation, Acquires 4Home
Get Ready for $99 Security, Home Automation from Comcast/Xfinity
iControl, uControl Merger: Implications for Cable, ZigBee, Automation
One Month into ADT Pulse: Demand is High, Prices Mainstream
Architecture of ADT Pulse: What it Can & Can’t Do
ADT to Launch iControl Remote Management Service to the Masses


Return to full story:
http://www.cepro.com/article/icontrol_raises_another_50m_for_home_automation_platform/

Filed under:
News: http://www.cepro.com/topic/C5/
Home Automation and Control: http://www.cepro.com/topic/C309/
Control Systems: http://www.cepro.com/topic/C14/
Energy Management: http://www.cepro.com/topic/C501/
View all topics: http://www.cepro.com/topic/all/