Palo Alto, California-based iControl Networks, a company developing wireless systems for home security and energy management, completed a $23 million Series C investment round, bringing its total venture and strategic capital funding to more than $45 million.
This latest funding includes new investments from Tyco International’s 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.
Industry partners in home security as well as cable, reflect a growing interest in pairing home energy management with other services.
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.
Bruce Sachs, partner at Charles River Ventures, said: "A revolution in broadband home management is just beginning. iControl puts homeowners 'in control' of their own security, energy and home health services. Each corporate investor – ADT, Cisco, Comcast, GE and Intel –leads its industry and will accelerate broadband home management through their investment in iControl."
