Friday January 12, 2018 0 comments
BOULDER -- IoT company Yonomi announced completion of a $5 million Series A financing round led by Gentex, a leading supplier of connected car and digital vision features for the global automotive industry, with participation in the round from existing strategic investor Allegion.
Gentex's lead role in the financing is part of a broader partnership forged between Yonomi and Gentex to jointly take smart home solutions to the automotive industry, the company said.
Steve Downing, Gentex president and CEO, has joined Yonomi's board of directors.
During the past year, Yonomi worked with Gentex to pilot Yonomi One, a SaaS solution that integrates products and services with all the top smart home devices and platforms.
Gentex harnessed the power of Yonomi One to launch HomeLink Connect™, the next generation of 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.
"Our exclusive partnership with Yonomi helps ensure that HomeLink Connect is compatible with the ever-expanding list of smart home devices," said Downing.
"Our combined capabilities will help us provide automakers with a versatile, comprehensive and robust home automation platform that opens HomeLink® to new markets and users by providing an ever-expanding number of use cases."
"The investment and partnership with Gentex further cements Yonomi's position as a leading IoT platform," said Kent Dickson, Yonomi co-founder and CEO.
"I am thrilled to welcome Steve to our board of directors and look forward to working more closely with him."
Yonomi said it will use the funding to expand its footprint worldwide, broaden its smart home device partnerships, and further market and scale its Yonomi Platform commercial offerings, including Yonomi ThinCloud and Yonomi One.
The Yonomi Platform provides developers with the tools to build, integrate, and scale smart home products and services.
Yonomi was founded in 2013 and is dual-headquartered in Boulder and Austin.