Smart home company raises $136M

Written on:July 24, 2012
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A ten-year-old company that makes wireless security and energy management systems called has just closed a round of $ 136 million in equity according to a filing. The company confirmed the round with me, but wouldn’t disclose any more details.

A couple years ago investors ABS Capital, Equis Capital and’s CEO Steve Trundle acquired from a firm called MicroStrategy that had majority share. I would speculate that at least part of the new funds come from those acquiring investors. makes connected security and smart home systems that use cellular networks and mobile apps to enable customers to manage their homes. The security system has connected video cameras, and door, window and cabinet sensors, while the home management system has connected thermostats and controllable lighting. says it has 1 million subscribers for its services, and recently signed a partnership to use Verizon Wireless’ network. Verizon is interested in renting space on its network for so-called machine-to-machine services.

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