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CrunchBase Graph Notes

From intelligent thermostat systems to bluetooth-enabled power adapters, home automation startups are getting smarter as VC dollars rush in.

Today, Bay Area startups Building Robotics and Roost both raked in early-stage cash to fund workplace comfort and home intelligence.

Following Google’s acquisition of home automation pioneer Nest Labs in January, nearly 30 new smart home startups have gone on to raise over $120 million in venture funding, primarily in early-stage rounds.

While the majority of these companies are headquartered in San Francisco or New York, international entrepreneurs are quickly catching on – startups out of Finland, Austria, Hong Kong and Argentina among others have received venture funding in the past six months.

And there are more launching soon. Microsoft Ventures Seattle will graduate a class of 10 from its Home Automation accelerator later this month, while Techstars and R/GA will kick off their Connected Devices accelerator in NYC in December.

Check out CrunchBase Graph Insights and the CrunchBase Investor Leaderboard to discover some of your own connections.

 

  • Originally published October 3, 2014