IOTAS Raises $5 Million
IoT startup IOTAS announced the close of $5 million in financing. Oregon Angel Fund, Rogue Ventures, Creative Destruction Lab, and Portland Seed Fund participated in the funding.
IOTAS develops IoT technology solutions for smart homes. The company offers its IOTAS hub, which includes smart switches, outlets, thermostats and door and motion sensors. It also provides installation services for third-party products such as the Amazon Echo, August, Nest, as well as an application that enables its customers to control and manage smart devices.
“This funding is validation that our strategy of delivering turnkey connected home technology to apartment buildings across the country is essential and desired,” said Sce Pike, Founder and CEO of IOTAS.