Palo Alto, CA–iControl Networks Inc., provider of Home Security 2.0 solutions, has closed $15.5 million in Series B funding. The company plans to use the $15.5 million raised to extend its integrated solutions into the security and broadband marketplace. The funding round was led by new investor Kleiner Perkins Caufield & Byers (KPCB) and includes existing investors Intel and Charles River Ventures.
iControl is also pleased to announce that John Doerr, a KPCB Partner whose portfolio includes Amazon, @Home, Google, Intuit, Netscape and Sun Microsystems, will be joining iControls board of directors.
The convergence of broadband, mobile and home security marks a new frontier, noted John Doerr. With iControls innovative, easy-to-use solution, home management and security will become the next major broadband service.
I am extremely excited with the Kleiner Perkins investment and vote of confidence in iControl, said Paul Dawes, CEO of iControl Networks. Were very pleased with the momentum that continues to build around Home Security 2.0, and we look forward to accelerating adoption with our new access to KPCBs and John Doerrs unique market-building expertise.”
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