ADT, Cisco, Comcast, GE, Intel Capital Invest in Broadband Home Management
Bets are being placed on iControl Networks, in broadband home management, as the firm loads up on dollars. It announced the completion of a $23 million Series C investment, bringing its total venture and strategic capital funding to more than $45 million. The latest funding includes new investments from ADT Security Services, Cisco, Comcast, Interactive Capital and GE Security, together with continued investment by Charles River Ventures, Intel Capital and the Kleiner Perkins Caufield & Byers (KPCB) iFund.
iControl's broadband home management solution allows homeowners to see and control their homes - including security and energy systems - via the Internet, iPhone and other mobile devices. Funding from these visionary companies shows their confidence in iControl to create and lead a new technology category - connecting consumers to their homes, families and properties.