August, a home automation company, raised $8m in Series A funding.
The round was led by Maveron, with participation from Cowboy Ventures, Industry Ventures, Rho Ventures, and SoftTech VC.
The company, which had previously raised $2m in seed funding from Matt Mullenweg, Mark Pincus, David Dolby, Scott Belsky, and others, will use the funds to expand the team and go to market in spring 2014.
Co-founded by designer Yves Behar and technology entrepreneur CEO Jason Johnson, August earlier this year launched its flagship product, the August Smart Lock, which leverages a Bluetooth® low energy-enabled locking mechanism and a mobile application to send virtual keys to anyone a user choose to have access to his/her home. The lock also has a security feature called EverLock™, which senses when the door is closed behind you and automatically locks the door.
It is currently available for pre-order on the company’s website in four color choices that complement a variety of home décor styles.
FinSMEs
19/11/2013