SmartThings raises $3 million to Net-enable your house
PARIS -- SmartThings, a startup that wants to bring remote control to everything from lights to liquor cabinets via the Internet, announced it's raised $3 million in first-round funding.
At the LeWeb conference here, SmartThings founder and Chief Technology Officer Jeff Hagins said investors included First Round Capital, which led the round, along with SVangel, Lerer Ventures, A-Grade Investments, CrunchFund, Start Fund, Max Levchin, David Tisch, and LeWeb founder Loic Le Meur. The company already raised pledges of $1.2 million through its Kickstarter project.
"The entire world is becoming programmable," Hagins said, and consequently, events in … Read more