Austin-based ihiji has raised $1.8M in capital to fund its next stages of growth and new product development to help manage the “Internet of Things” (IoT).
Over the past few years, ihiji has responded to the rapid expansion of the IoT market by building a development team and expanding its invision platform.
"Since ihiji’s inception in 2009 we’ve been focusing diligently on the IoT market and currently have a number of new products in the development process,” stated Stuart Rench, ihiji CEO. “As the market continues to mature and demand increases, this new investment will help expand our engineering team, allowing us to deliver these new solutions to the IoT technology professional even more quickly.”
The company’s latest funding was led by Jopeko LLC, representing personal capital of healthcare fund manager Peter Kolchinsky and co-managed by Joseph Kolchinsky, managing director of OneVision Resources. Additional investors also contributing to the Series A investment include Capital Factory, Silverton Partners, Floodgate Capital and others. Joseph Kolchinsky has also joined ihiji’s board of directors.
“Having seen the power of ihiji's invision platform in my own home, and hearing my technology integrator rave about how it streamlined the way they monitor and manage all their clients' homes, I was thrilled to have the opportunity to support the platform's further development,” Kolchinsky said. “Though this industry's leaders are already onboard, it’s hard to imagine how any technology professionals are managing their systems efficiently without ihiji’s invision product today. With ihiji’s upcoming product developments, the invision platform will become indispensable to every integrator and MSP in the near future. And, my family will be happy to have our home technology running ever more smoothly.”
The ihiji team says that it is excited about upcoming developments to the secure, cloud-based invision platform, which will further enable integrators and MSPs to provide an even more efficient, superior service experience for their customers.