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iControl Networks raises $23 million from investors ADT, Cisco, Comcast, GE and Intel Capital

iControl Networks announced July 22 the completion of a $23 million Series C investment, bringing its total venture and strategic capital funding to more than $45 million.



July 24, 2009
By Staff

This latest funding includes new investments from Tyco International’s
ADT Security Services, Cisco, Comcast Interactive Capital and GE
Security
, together with continued investment by Charles River Ventures,
Intel Capital and the Kleiner Perkins Caufield & Byers (KPCB) iFund.

iControl’s broadband home management solution allows homeowners to see
and control their homes—including security and energy systems—via the
Internet, iPhone and other mobile devices. Funding from these visionary
companies shows their confidence in iControl to create and lead a new
technology category – connecting consumers to their homes, families and
properties.

John Doerr, partner at KPCB, said, "iControl is extending home security
and energy management to the broadband Internet and iPhones so
consumers can see, protect and manage their homes anytime, anywhere."

Added Bruce Sachs, partner at Charles River Ventures, "A revolution in
broadband home management is just beginning. iControl puts homeowners
"in control" of their own security, energy and home health services.
Each corporate investor  — ADT, Cisco, Comcast, GE and Intel –leads its
industry and will accelerate broadband home management through their
investment in iControl."

iControl’s technology allows broadband operators, security providers
and utilities to revolutionize their products and services by
delivering broadband home security, energy management, remote
monitoring and home health care to consumers.

Paul Dawes, CEO of iControl, said, “This incredible team of world class
companies is exactly the group of investors we wanted. Together we will
accelerate the development and rapid deployment of iControl’s
technology.”