Palo Alto, Calif. — iControl Networks, a developer of broadband home management technology, said on Monday it has raised more than $50 million in its fourth round of funding, increasing the company’s total backing to more than $100 million. Announced investors included Cisco, Comcast Ventures, Intel Capital, Charles River Ventures, the Kleiner Perkins Caufield & Byers iFund, Rogers Communications and Tyco International, the parent company of ADT Security Services.
The company said it will use the funds for international expansion, as well as to continue deploying new energy management and broadband home management tools. iControl’s OpenHome technology powers Comcast’s recently launched Xfinity Home Security service and ADT’s Pulse service. The platform allows service providers, home security firms and utilities to offer services that allows customers to control and connect to their homes via the web and other mobile devices.
Related Links:
http://www.icontrol.com/news/press_releases/2011/pressRelease_06_20_11.php
