Arrayent pulls in $11M

Arrayent, which helps brands provide connected products, has raised $11 million in funding. The investors included DCM Ventures, Intel Capital, Opus Capital and Comerica Bank.

Sourced through from:

Arrayent, the IoT platform company that helps the world’s most trusted brands deliver connected products, announced an $11 million funding round with participation from DCM Ventures, Intel Capital, Opus Capital, Comerica Bank, and several leading angel investors.“We’re more excited than ever by the opportunity for Internet of Things-enabled connected products.    Companies such as Whirlpool, Maytag, Chamberlain, LiftMaster, and Pentair already rely on the Arrayent Connect Platform to deliver simple, secure, and connected user experiences for a wide variety of use cases. “We’ve shown how adding connectivity and the ability to control garage doors, lighting, security, and heating products with smart phones can dramatically improve the consumer experience, while creating new distribution channels for our customers,” added Brignone. “With this new investment round, we will be able to increase the number of use cases Arrayent enables for existing customers and add many new customers in 2016.”

See on Scoop.itInternet of Things – Company and Research Focus

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