Tuesday, September 7, 2010

Verizon Invests in 4Home

Verizon Ventures has made an equity investment in 4Home, a start-up developing "connected home services," which include energy management, home security and monitoring, media management, and home health.

Verizon's investments occurred as part of 4Home's $7 million, Series-B financing round, which closed in the first quarter of 2010.

4Home has been working with Verizon's LTE Innovation Center and the companies previously showcased applications running over an LTE network at the Consumer Electronic Show in January.

4Home is based in Sunnyvale, California.