In a vote of confidence for the Internet of Things, a startup in the category, SmartThings, announced Tuesday that it has received $12.5 million in Series A funding
The round brings SmartThings’ total to $15.5 million. SmartThings, which was founded in April 2012, provides an open platform for the Internet of Things — the shorthand description of Internet-infused objects that can be controlled via your smartphone, like thermostats, lights, locks and smoke alarms. Some 3,000 inventors and developers use SmartThings’ technology to create such devices.
“It’s a life problem they want to solve,” says Alex Hawkinson, CEO and cofounder of SmartThings, referring to developers. “They want to make your smartphone work for everything in your life.” Read more…
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Read more : SmartThings Gets $12.5 Million to Develop the Internet of Things
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