Monday, April 12, 2010

4Home Raises $7 Million for Connected Home Software

4Home, a start-up based in Sunnyvale, California, raised $6.8 million in Series-B financing for its connected home software.

The company is known primarily for its work in pioneering connected home services, which include energy management, home control and monitoring, media management, and home health.

"4Home's revenue grew by 300% in the past year and we more than doubled our workforce in the same period. As a result of this growth we'll be relocating our offices to a larger Sunnyvale complex in May," said Leon Hounshell, President and CEO of 4Home. "We couldn't be more excited about the momentum 4Home is building and are expecting strong growth in 2010."

4Home recently announced strategic partnerships with Sensus Metering Systems, the nation's largest AMI (advanced metering infrastructure) vendor, Marvell Semiconductor, and Sigma Designs, among others.