Tuesday, July 21, 2009

iControl Raises $23 Million for Broadband Home Management

iControl Networks, a start-up based in Palo Alto, California, raised $23 million in Series C funding for its broadband home management solution.

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. Broadband operators, security providers and utilities could used the technology to deliver home security, energy management, remote monitoring and home health care to consumers.

The new funding includes 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. This brings total venture and strategic capital funding to more than $45 million.