SAN FRANCISCO, CA — The Danish/American company Zensys has entered into an agreement with the British venture capital firm Palamon Capital Partners for a capital injection of 160 million Danish kroner, or the equivalent of $15 million U.S.
According to Zensys, the capital investment from Palamon Capital Partners will be primarily applied to further development of the company’s Z-Wave™ technology. Z-Wave is Zensys’ patent-pending wireless home control protocol, aimed at providing reliable and moderately priced home control solutions to the average consumer.