iControl Networks closes $50M in new funding

iControl Networks, an early provider of software enabling broadband home management, has raised another $50 million in Series D funding.

The new funding will be leveraged to extend its energy management solution and other broadband home management services into more service provider networks, but also to help it expand internationally.

A number of energy and clean tech investors led the latest funding round. Joining the round were Cisco (Nasdaq: CSCO), Comcast Ventures (Nasdaq: CMCSA), Intel Capital (Nasdaq: INTC), Rogers Communications (NYSE: RCI) and Tyco International (NYSE: TEL), which is the parent of ADT Security Services.

In addition to being the engine behind Comcast's Xfinity Home Security service, iControl's OpenHome technology, which allows customers to control and connect to their homes via the web and mobile devices like their iPhone, is being used by ADT for its Pulse service and various unnamed service providers.  

Comcast's move to expand its home security offerings may have caught the recent headlines, but they are certainly not alone as both Comporium and SureWest have launched similar services for their residential customers. Home monitoring may still arguably be a nascent market segment, but over time the service could be one of the differentiators broadband service providers can use as lower priced service and high definition video becomes more commodity like items in their respective broadband menus.

For more:
- see the release

Related articles:
It's not TV, it's home security: Comcast branches out
Home security emerges as telco-cable battlefield
SureWest was one of the first telecom providers with a home monitoring service
iControl merged with uControl late last year

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