Josh.ai Closes $11M series A To Scale, Home-Automation-System – Crunchbase News

Josh.ai Closes $11M series A To Scale, Home-Automation-System – Crunchbase News

Many homes today are connected to some kind of device, such as Amazon’s Alexa or Google’s home page, but for larger houses with dozens of rooms, and connected devices, a more sophisticated system is required.

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Denver-based Josh need to fill.ai secured an $ 11 million Series A round of financing on Thursday to increase their hands-free interface hardware and software for the home, uses the privacy focus of artificial intelligence technology.

The company is professionally installed on a “Central control” in houses, the 5,000 square feet and greater, and integrates with the operations around the house, such as lighting, music, air-conditioning and heating, audio/Video, security and devices, CEO Alex Capecelatro Crunchbase News said. Home automation systems can usually cost anywhere from $25,000 to $500,000, but Josh ai is not nearly as expensive, he added.

“It’s like voice control on steroids for the home. For example, if you walk into a room, you can say, ‘Turn off the lights, open the shades and play music,” he says. “For the music, the system of the intelligence it uses to find out what kind of music you like to hear in this room at a certain time. So, music for the home-gym in the morning-and dining-room in the night.”

solution of complex problems

The high-end smart home space is both outdated and crowded. Company, the large-scale systems, such as Crestron and Savant, are now in competition with products from Nest, Google, Amazon and Apple, Capecelatro said.

Josh.ai plays in the intersection of these two areas, offers a simple set-up in a house with 50 rooms and tons of complicated devices—with built-in privacy measures, he added.

“We are the solution to these complicated problems, and at the same time privacy can, such as, for example, the activation devices, the voice-activation system, so a room only not the lights only work in a room or lock it,” Capecelatro said.

This new round of financing brings the 5-year-old company’s total increase to $22 million since its inception, he said.

Future growth

Capecelatro did not disclose who participated in the financing of the round—the investors requested anonymity, but he said the company spent some time in conversation with institutional venture-capital firms to go before you decide, with corporate VCs.

“We felt they understood the hardware and the economy of the sector,” he added.

Josh.ai so far, third-party funds in the year 2017, when Capecelatro said the company was a pure software company. It is used to create the funding, the hardware, and now is with the series A to scale its entire platform.

The company currently has offices in Colorado and California, and works throughout the country and in Canada, but Capecelatro said Josh.ai wins the international orientation, so that some of the funds go in the direction of expansion. In addition, the company will bring new hardware products, online will add, as well as employees.

“In the professionally installed room, technology support is important,” he said. “If you don’t call that a problem with Google, they are too. But for us, we have a great tech support team, so we will grow the team.”

Overall, Josh.ai has about 30 employees and plans to grow that said 50 by the end of the year, Capecelatro,.

figure: Li-Anne Dias

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Released on Thu, 30 Apr 2020 12:00:48 +0000

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