iControl Lands Over $50 Million For Broadband Home Management Software
iControl Networks, a provider of broadband home management software solutions, this morning announced that it has raised over $50 million in Series D funding, bringing total investment in the company to more than $100 million.
The round was led by energy and clean tech investors, with notable backers like Cisco, Comcast Ventures, Intel Capital, Charles River Ventures, the Kleiner Perkins Caufield & Byers iFund, Rogers Communications and Tyco International also participating.
The company says the additional capital will help it accelerate the deployment of iControl’s energy management solution and other broadband home management services, and position iControl for international expansion.
iControl offers OpenHome, a software platform that enables broadband service providers, home security companies and utilities to offer interactive services to their customers, allowing those customers to control and connect to their homes via the Web and mobile devices.
OpenHome currently powers Comcast’s XFINITY Home Security service, the nationally-launched ADT Pulse service, and is in market deployments with a slew of unannounced broadband service providers, according to the company.
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