GreenWave Reality Gets $19 Million
Published: October 10, 2013 (to read original article, Click here).
GreenWave Reality, a provider of solutions for the connected home, has closed a $19 million round of funding.
The Irvine-based business, which has about 150 employees, is moving to a larger office later this year as it works on software to enable communication between light bulbs, security cameras and other household items. GreenWave’s Home2Cloud platform is licensed to other companies – such as Ohio-based light bulb maker TCP – that incorporate it in systems that let you control lights, or view security cameras, while away from home.
GreenWave was founded in 2008. The financing follows $12 million that was raised in 2010. The new round was led by Silicon Valley firm The Westly Group, which invested in Tesla, and Steve Westly will join the GreenWave board. The round included follow-on investment from Craton Equity Partners.
