Australian Smart Buildings company Quantify raises $5M in venture funding

Quantify Technologies, an IoT company that develops smart/intelligent building applications and solutions raised $5M in venture capital. It was raised by placing 83M shares to new and existing investors at 6 cents a share. Quantify will use the funding proceeds for the testing of an integrated Amazon Alexa/Q Device product developed by Quantify.

“These funds will also allow us to accelerate development of further enhancements and integrations of technologies such as Amazon Alexa to further redefine the IoT industry standard and to make our solution the platform of choice,” Mark Lapins, head of Quantify Technologies.

The Q Device by Quantify can be used to control multiple IoT-based in-home devices. The core solution can be deployed at the time of a building’s construction or retro-fitted later.

Rolling out IoT solutions across an enterprise is considered a tough ask, especially when organizations have heterogeneous system operating upon different standards. This is where Quantify makes a difference by eliminating the needs to install dedicated gateway devices or communications hubs. It offers a core control and reporting API for the purpose.

Read more here:: feeds.feedburner.com/iot

Posted on: November 30, 2017

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