Iotas Raises $8.5M in Series A Funding

iotasIotas, a Portland, Ore.-based IoT-as-a-Service smart apartment platform, completed its $8.5M Series A round of funding.

The round was led by Telus Ventures with participation from Liberty Global and early investor Intel Capital.

The company intends to use the funds to grow its Enterprise SaaS offering.

Led by Sce Pike, Founder and CEO, Iotas provides residents with a Smart Home solution that works right when they move-in and gives them the ability to control and monitor entry into their apartment units, cool/heat their home remotely, detect leaks, set routines & scenes, control lighting all through the app or via voice using Amazon Alexa or Google Home. For building owners and property managers, the platform equips them to monitor and streamline intrinsic building operations by automating energy savings and day-to-day operations such as managing vacant units and common areas.

As part of the investment Jason Macdonnell, president, Security and Automation, TELUS; and Don Parsons, Liberty Global Ventures, will be joining the IOTAS board. Tim Enwall, CEO of Misty Robotics and the former Head of Nest Labs, and Alison Andrew Reyes, Partner at 1843 Capital, along with Sce Pike, CEO of Iotas, will continue to serve on the board.



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