China’s LifeSmart raises $ 10 million to connect homes

by bold-lichterman

The amount

LifeSmart, a Chinese company specializing in connected objects, has just raised 9.4 million dollars from Haier SAIF and Foxconn, the Taiwanese group that manufactures electronic products (including Apple iPhones), report TechNode.

The concept

Based in Hangzhou, China, LifeSmart develops products and services for the “connected home”. The company markets, for example, a camera for monitoring the home from a distance, or a motion sensor. Users are then alerted on their smartphone in the event of unusual activity via a push notification.

LifeSmart also offers sensors to automate the turning on and off of lights, or to measure humidity levels. All the data collected can be viewed on a mobile application.

The market

With this new investment, the company intends to continue its development, in particular by strengthening its R&D, recruitment and marketing strategy. In this market, the company has to rely on competition from many players such as the American Nest, acquired by Google, and its connected thermostat.

CEO: Denny dong

Offices: Hangzhou, Shenzhen, Silicon Valley

Market : connected objects for the home

Funding: $ 9.4 million (September 2015)

Competitor: Nest