Circle Media Inc., a Portland, Ore. and Cypress, CA-based developer of products used by families to manage all their connected devices, received $10m in Series A financing.
The round was led by Relay Ventures.
The company will use the funds to accelerate the growth of its user base in the U.S., expand its reach to new global markets, and enhance its product offering.
Founded in 2014 and led by Lance Charlish, CEO, Circle provides Circle with Disney, which connects to the home Wi-Fi network and automatically identifies all of the devices (smartphones, tablets, computers, and gaming consoles) on the network so that parents can manage them through a companion app. Each user’s profile and settings can be completely customized based on age and parents’ preferences, with core features including content filters, time limits, setting bedtimes, pausing the Internet, and staying informed about how kids are spending time online.
To extend that same functionality to outside the home, parents can add the subscription service called Circle Go.
The device is available in the US for $99 at Amazon, Best Buy, Target, DisneyStore.com, and Circle’s website. Earlier this month, 3,700 Walmart stores began carrying the product. The app can be downloaded for FREE for iOS or Android from the Apple App Store or Google Play.
FinSMEs
24/05/2017