iControl raises $50m with eye on home energy management

Palo Alto-based iControl Networks has closed $50 million in funding, bringing the total investment in the home management software and services firm to more than $100 million.

Louis Toth, managing director of Comcast Ventures, said iControl has “tremendous growth potential, particularly in the emerging market for energy management solutions. These additional funds put iControl in a position to offer energy management as a value-added service to its existing home security solution, and provide iControl’s deployment partners the full range of broadband services they want to offer consumers.”

iControl’s OpenHome technology supports Comcast’s recently-launched XFINITY Home Security service. The software platform enables broadband service providers, home security companies and utilities to offer interactive life safety and lifestyle services to their customers.

“By layering energy management on top of an interactive home management platform, our service provider partners will be able to offer intuitive ‘green home’ value-added features to their customers,” said Paul Dawes, co-CEO of iControl.