Tuesday, November 26, 2013

Revolv Gets $4M For Home Automation

Boulder-based Revolv, a developer of a product which automates and unifies the world of smart, connected home devices, said it has raised $4M in a funding round this morning. The funding came from The Foundry Group, and also included American Family Insurance. Revolv said the funding comes on top of an existing, $2.7M in funding it received in a seed round in September of 2012. Revolv said the funding will go towards product development and market distribution. Revolv is led by Tim Enwall, and develops products to unify the control of smart home automation devices like Nest, Sonos, Yale, and many other companies. The TechStars startup launched its product earlier this month.