People Power Raises $3.2M to Induce Smart Home Solutions
May 17 2017
The Palo-Alto-based People Power, an IoT and artificial intelligence (AI) software company raised $3.2M Series B-1 led by Innogy SE (ETR: IGY) and Origin Energy (ASX: ORG). The successful round brings People Power’s total investments to $14 million since the company started in Jan 2009.
Security, energy and home care services are key areas where the company sells its white label IoT solutions. The two core products of the company are People Power IoT Gateway and the People Power IoT Suite.
The AI-based gateway learns and enforces expected patterns of network traffic. The gateway is capable of flagging abnormal network activities and anomalies making it an intelligent device. The connectivity device incorporates ZigBee 3.0 and Green Power, BLE 4.1, WLAN 2.4 GHz 802.11 b/g/n, Z-Wave (optional) and cellular connectivity technologies. For storage, the device uses local Micro SD storage and USB 2.0.
The People Power IoT Suite lets OEMs and service providers connect, learn, and manage their IoT devices using the IoT suite. It contains:
• Presto, an open source SDK
• Virtuoso, an app framework for iOS, Android, and Web for IoT application deployment
• Bot Services
• Symphony, a carrier-grade cloud server
• Analytics engine
People Power adds artificial intelligence to the system. It does so by letting different bots within its platform talk to each other to prioritize tasks. A user’s Smart Lighting Intelligence Bot will directly communicate to the Security Intelligence bot in order to prioritize whether to save energy by switching off lights or keep lights switched on for security purposes at a given moment. The system lets bots optimize tasks for an optimal outcome for the user.
Led by Moss and CEO Gene Wang, the company boasts a number of global consumer service brands, including the world's largest telecom company China Mobile.
The Artificial Intelligence & IoT-based startup is operating in an ever competitive niche of connected home products, though it white labels its solutions letting it partner with other companies vying for the same market.
+ People Power offers its white label IoT solutions for utilities, telecoms, cable operators and manufacturers to bring their smart products & services to the market.
+ The company is one of the few providers that brought bot-enabled smart home IoT systems to the market.
+ $3.2M Series B-1 funding includes $2 million from innogy SE and $1.2 million from Origin Energy among other investors.
People Power Announces a White-Label Home Security Solution with Bot-Enabled Artificial Intelligence and more...https://t.co/K3s7PDAX5w— People Power (@PeoplePowerCo) February 20, 2017