Friday, 22 November 2024
31 C
Singapore

Smart locks maker igloohome launches new solutions following US$15M Series B round

Singapore-based smart access solutions startup, igloohome, has raised US$15 million in its Series B funding round co-led by existing investors Insignia Ventures Partners, Wavemaker Partners, and SEEDS Capital. New investors such as Kickstart Ventures, TH Capital, Pine Venture Partners, On Asset Management, and InnoVen Capital, in addition to existing backers Singtel Innov8 and Great Noble […]

Singapore-based smart access solutions startup, igloohome, has raised US$15 million in its Series B funding round co-led by existing investors Insignia Ventures Partners, Wavemaker Partners, and SEEDS Capital.

New investors such as Kickstart Ventures, TH Capital, Pine Venture Partners, On Asset Management, and InnoVen Capital, in addition to existing backers Singtel Innov8 and Great Noble International, also co-invested.

With the new funds, the startup announced the launch of a suite of smart access solutions, iglooworks, for enterprise customers, primarily for the real estate and infrastructure industries.

igloohome also plans to invest the new funds into the research and development of new products and software, and supporting new and existing distribution partners globally, especially in Europe, the US, and the Pacific.

igloohome was founded in 2015, providing smart lock and lock boxes that integrate with a mobile app, enabling users to manage their homes and properties remotely. Its products can also work offline, using encryption and synchronization, similar to that on an internet banking token.

The startup claims that it currently has over 100 distribution partners, more than 100 integration partners and is working with notable property developers such as Thailand’s Sansiri, ‘s Mitsubishi and Vietnam’s CapitaLand.

In April 2018, igloohome also raised a US$4 million Series A funding round led by Insignia Ventures Partners.

Hot this week

Splunk launches advanced observability and security solutions for Microsoft Azure customers

Splunk and Microsoft launch native solutions on Azure, enhancing digital transformation with AI-powered observability and security tools.

OPPO partners with the Singapore Tourism Board for a 24-hour photography challenge

OPPO Singapore and STB launch a 24-hour photography contest with cash prizes, highlighting Singapore’s beauty with the new Find X8 Pro.

Niantic’s new AI model uses Pokémon Go player data for a geospatial breakthrough

Niantic is building a geospatial AI model from Pokémon Go player data, combining 3D mapping and AI to enhance robots' understanding of the world.

Glancing becomes a digital trend in Indonesia’s smartphone market

Glance Smart Lock Screen is transforming how over 30 million Indonesians engage with their smartphones, boasting 117 billion glances and 2 billion taps in just nine months.

OPPO Singapore launches ‘Find 24-Hour Miracle’ photography contest

OPPO Singapore launches the #Find24HourMiracle photography contest, inviting participants to capture Singapore’s beauty with the new OPPO Find X8 Series.

UGREEN Surge Protector Power Strip review: Fast charging meets smart safety

The UGREEN Surge Protector Power Strip offers fast charging, 10-device support, and surge protection but faces durability concerns.

Microsoft’s AI agents in Microsoft 365 to handle your mundane tasks

Boost productivity with Microsoft 365's new AI agents, handling tasks in SharePoint, Teams, and Planner for better efficiency and collaboration.

New features in GPT-4o enhance creativity and efficiency

GPT-4o enhances creative writing with improved speed, capabilities, and cost-efficiency, offering tailored and natural responses for users.

The Windows 11 24H2 update continues to cause problems

Windows 11 24H2 update causes time zone bugs, audio glitches, and sync issues; Microsoft promises fixes in the next update.

Related Articles

Popular Categories