Ecovent Closes on $6.9 Million in New Funding
Zoning product was named Automation Product of the Year at CES 2015
BOSTON — Ecovent, maker of an intelligent home zoning system designed to deliver room-by-room climate control, announced that it has closed a $6.9 million Series A funding round led by Emerson Climate Technologies. The round includes participation from Tamarisc and Blue Fog Capital.
Ecovent started the year being named Automation Product of the Year at CES 2015, and has brought in more than $1 million in pre-orders. According to the company, its system of wireless vents and sensors intelligently diagnoses the factors impacting room temperature and automatically adjusts airflow into each room to achieve the desired temperature. With Ecovent, homeowners have the ability to control the temperature of each room individually through an app, saving energy and money by heating and cooling only the rooms that need conditioning instead of the entire home.
“Today’s cars allow passengers and drivers to set individual temperatures, yet most homes have only one adjustable zone, and it’s time to change that,” said Dipul Patel, CEO and co-founder of Ecovent. “We developed the Ecovent system to give people room-by-room temperature control in any home — automatically. It’s incredibly exciting to have the support of an industry titan like Emerson to help us bring Ecovent to a larger audience as we change the way homeowners experience comfort in their homes.”
For HVAC contractors, Ecovent said it provides a complete, wireless zoning system that is cost effective and easy to install.
“With Ecovent, we see the potential to fix an issue that has gone unsolved in the residential HVAC industry for decades,” said Bob Sharp, Emerson executive vice president and Climate Technologies business leader. “Ecovent’s ability to function seamlessly in tandem with Emerson’s solutions for home comfort and energy efficiency makes them a natural fit as an investment and strategic partner.”
For more information about Ecovent, visit www.ecoventsystems.com.
For more information about Emerson Climate Technologies, visit www.emersonclimate.com.
Publication date: 7/27/2015
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