Yonomi Closes $5M Series A Financing Round

Yonomi, a Boulder, Colorado, and Austin, Texas-based IoT company that’s creating a more connected smart home, completed a $5m Series A financing.

The round was led by Gentex Corporation (NASDAQ: GNTX), with participation from existing strategic investor Allegion. In conjunction with the funding, Steve Downing, president and CEO of Gentex, joined Yonomi’s Board of Directors.

The company intends to use the funds to expand its presence worldwide, broaden its smart home device partnerships, and further market and scale its Yonomi Platform commercial offerings, including Yonomi ThinCloud and Yonomi One.

Founded in 2013 by Kent Dickson, CEO, Yonomi provides a platform that provides developers with the tools to build, integrate, and scale great smart home products and services. The company’s consumer app, available for iPhone and Android, connects existing smart home devices and automates Routines for every room. The app is used across more than 150 countries.

During the past year, Yonomi has worked with Gentex, a supplier of automatic-dimming rearview mirrors and electronics to the automotive industry, dimmable aircraft windows for aviation markets, and fire protection products to the fire protection market, to pilot Yonomi One, a SaaS solution that integrates products and services with all the top smart home devices and platforms. Gentex has leveraged Yonomi One to launch HomeLink Connectâ„¢, its in-vehicle home automation controls. HomeLink Connect will allow vehicle owners to trigger smart home Routines remotely from the comfort of their car’s center console and/or rearview mirror.

FinSMEs

08/01/2018

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