Control4 Embarks on $25m Funding Round
Control4 is going through another round of funding, according to news out today they are currently embarking on a US$25m funding round. The company is now moving in the energy management solutions market as an addition to its already established home control solutions. Investors associated with the funding include Frazier Technology Ventures, vSpring Capital and Thomas Weisel Venture Partners.
Today Control4 has a distribution channel that includes over 1,600 custom integrators, retail outlets and distributors in 70 countries and its products interoperate with more than 6,500 third-party consumer electronics devices.
Recent growth in the smart home market and strategic partnerships with others in the connected home market as seen the demand for their solutions grown. At this year’s Consumer Electronics Show in Las Vegas they were one of the CES Innovation Award recipients for their InfinityEdge home control solution.
Another popular solution is their energy management platform, Energy Management System 100 (EMS 100) which enhances the connection between consumers and utilities, exchanging data and insight for better home energy management and load control and savings on energy bills it was recently selected by NV Energy for their customers.