uControl raises $3.9M for next-generation home security systems
uControl has raised $3.9 million of a $9 million round to expand development of its next-generation security system for the home.
The Austin, Texas-based company uses the internet and other technology to improve the monitoring, security, and automation of your home controls. You can control your home security using uControl’s “all-in-one” touchscreen system. The touchscreen remote control can be used to control an alarm system, communications in the home, and home automation of controls such as air conditioning.
The five-year-old company is in the midst of raising a $9 million round and already has $3.9 million from private investors, customers, and partners — but no venture capitalists or institutional investors. To date, the company has raised $24 million since its founding in 2005.
The devices are installed in the home by web providers such as cable companies or telephone companies. The web-based alarm systems are more secure than traditional systems because they use wireless technology, allowing a system to work even if a burglar cuts a phone line. uControl uses an open platform that integrates with a variety of equipment, including new Zigbee wireless equipment that is just starting to get adopted.
The company has also hired executives Tom Chmielewski and David Costilow as vice presidents of sales and customer services, respectively. Chmiewlewski came from Radialpoint, while Costilow was at 2Wire. The company continues to hire aggressively and plans to double its staff of 16.
Rivals include security firms such as iControl, LifeShield’s InGrid, Alarm.com, Open Peak, as well as General Electric and Honeywell.
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