Yonomi smart home integration app closes $5M Series A
Jan 12 2018
Yonomi, a mobile app and an enterprise cloud platform that lets users integrate their existing smart home devices raised a $5M Series A financing. It was led by led by Gentex, a leading supplier of connected car and digital vision features for the automotive industry.
The investment from Gentex is a ‘strategic’ one as the company is looking for ways to enhance its ‘connected car’ offerings by integrating them with smart products. Gentex launched HomeLink Connect, an in-vehicle home automation control. The control allows vehicle owners to trigger smart home Routines remotely from their car's center console and/or rearview mirror. "The investment and partnership with Gentex further cements Yonomi's position as a leading IoT platform," said Kent Dickson, co-founder, and CEO of Yonomi.
Using Yonomi’s SaaS platform called Yonomi One, users can remotely control and integrate smart home products like Amazon Echo Dot, Sonos Play, and Philips Hue Color bulbs.
The company announced it will use the funding proceeds to expand its business and further promote its ThinCloud platform, channel partnerships, and sales and marketing.
Use the Postscapes IoT Home Guide to find and compare top Internet of Things home products and systems.
+ Also termed as 'IFTTT' for smart home gadgets, Yonomi lets users create 'routines' by integrating products like Nest, Jawbone, Sonos, Philips Hue, and Belkin WeMo.
+ The startup's total funding has reached $8.3M (which includes two seed rounds and convertible note worth $754,000).
+ Yonomi operates in 150 countries and has more than hundred thousand downloads of its app on the Google Play Store alone.
In addition to the announcement of our #SeriesA funding, today we are also proud to introduce Yonomi One, a powerful engine for designing apps and services that integrate with the smart home. https://t.co/EentiN15qC pic.twitter.com/1fZj9QkGDg— Yonomi (@Yonomi) January 8, 2018
@GovCloud Update: Gentex Takes Equity Stake in Yonomi to Help Bring Home Automation to the Automotive Industry - https://t.co/LNf4SoSF0e - ZEELAND, Mich., Jan. 08, 2018 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ:GNTX) announced today that it has t... https://t.co/XYnQh7hsWm— GovCloud Network (@GovCloud) January 9, 2018
“The funding will allow us to accelerate expansion of our footprint worldwide, broaden our partnerships so that Yonomi connects even more smart home devices to each other, and market and scale Yonomi Platform commercial offerings.” https://t.co/RS2ajesm5t via @denverpost— Yonomi (@Yonomi) January 9, 2018