MUNICH, Germany — Wireless home automation system developer EnOcean GmbH (Unterhaching, Germany) has received another €4.5 million (about $6.8 million) in venture capital funding. The company plans to use the amount to drive the further development of its technology and expand its global presence.
With the latest capital injection, the funding now amounts to more than €20 million. Among the investors are Wellington Partners, the 3i Group, Siemens Venture Capital and ATMOS S.p.A of Italy.
With the fresh money the company plans to drive the formal standardization of its wireless and batteryless home control technology. The Enocean Alliance, a group of technology providers for this market has already gathered to support the technology as a de-facto standard.
Currently the company is in the process to develop the third generation of its technology. A new platform based on an ASIC will be introduced at upcoming electronica trade fair in November. According to a company spokesperson, Enocoean's 3G technology will support an enhanced feature set including bidirectional communication at smaller form factor and lower price.
In addition, the company plans to expand its presence in North America and the Near East. In the USA, Enocean recently has found two new partners which cover private homes and commercial buildings, the spokesperson explained.
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