iControl Raises Series B

iControl Networks Inc., a Palo Alto, Caif.-based provider of home security software solutions, has raised $15.5 million in Series B funding. Kleiner Perkins Caufield & Byers led the round, and was joined by return backers Intel Capital and Charles River Ventures.

 

PRESS RELEASE

iControl Networks, Inc., the first provider of consumer-focused 'Home Security 2.0' solutions, today announced the close of $15.5 million in Series B funding.  The company plans to use the $15.5 million raised to extend its integrated solutions into the security and broadband marketplace. The funding round was led by new investor Kleiner Perkins Caufield & Byers (KPCB) and includes existing investors Intel and Charles River Ventures.

iControl is also pleased to announce that John Doerr, a KPCB Partner whose portfolio includes Amazon, @Home, Google, Intuit, Netscape and Sun Microsystems, will be joining iControl's board of directors.

“The convergence of broadband, mobile and home security marks a new frontier,” noted John Doerr. “With iControl's innovative, easy-to-use solution, home management and security will become the next major broadband service.”

iControl's Home Security 2.0 solution takes 'peace-of-mind' to the next level with a 'triple-play' of consumer value: simple, connected and safe. A simple and compelling consumer experience accessed via web, mobile phone, touch screen and Apple iPhone that makes iControl a perfect fit for KPCB's iFund. A connected home that can be viewed, managed and controlled remotely, and enhanced safety via tri-mode network connectivity to central monitoring stations present a market-changing solution.

“I am extremely excited with the Kleiner Perkins investment and vote of confidence in iControl,” said Paul Dawes, CEO of iControl Networks. “We're very pleased with the momentum that continues to build around Home Security 2.0, and we look forward to accelerating adoption with our new access to KPCB's and John Doerr's unique market-building expertise.”  

About iControl Networks:

Palo Alto-based iControl Networks is a venture-backed software and services company providing award-winning, residential and SME solutions for the home security market.  iControl Networks partners with home security companies, Internet service providers and telecommunication companies to deliver Home Security 2.0, the next generation of home protection and connectivity. Investors in iControl include Kleiner Perkins Caufield and Byers, Intel and Charles River Ventures.  For more information, please visit www.icontrol.com.