Sense Raises $15M Series A

1/5/17

BOSTON, Jan. 05, 2017 (GLOBE NEWSWIRE) -- Sense, the home intelligence platform that interprets the power usage and activity of devices in the home, today announced an additional investment from a new investor, iRobot Ventures (IRBT), resulting in the completion of its series A Round. This brings the total for the round, co-led by Shell Technology Ventures (SVT) and Energy Impact Partners (EIP), to $15 Million and Sense’s total funding to-date to $20 Million. Following the success of its pre-order release in 2016, the company is announcing general product availability as well as an integration with IFTTT. In addition, Sense is expanding its executive team with the hiring of Scott Taylor, Vice President of Business Development at Sense.

CES® visitors can check out Sense for themselves at the Eureka Park Marketplace in the Sands Hotel and Casino (Hall G – 51531) in ENGIE’s booth from Jan. 5-8. For more information on Sense, please visit www.Sense.com.

Quote from Michael Phillips, CEO and Co-Founder, Sense:
"Contrary to how the smart home has been positioned in the market to-date; at Sense, we believe that in order for the smart home to truly come to fruition, we must be able to connect the dots between connected and unconnected devices. In doing so, we enable them to communicate with one another and can fully achieve complete home automation,” said Michael Phillips, CEO and co-founder of Sense. “As a first step in this process, we look forward to learning what customers actually want to have automated in their home by integrating with IFTTT. We are excited to get Sense into as many homes as possible so homeowners can be more empowered about the efficiency and reliability of their home appliances and devices.”

Quote from Scott Taylor, Vice President of Business Development, Sense:
“I have been impressed by the level of interest Sense has attracted from companies looking to help their end customers better manage their energy and their homes. I look forward to working with energy providers and other strategic partners to provide their customers with home awareness and energy insights.”

About Sense?
Sense's mission is to make all homes intelligent by keeping people informed about what's happening in their homes, and helping to make them safer, more efficient, and more reliable. Founded in 2013 by pioneers in speech recognition, Sense uses machine learning technology to provide real-time insights on device behavior, even for those devices that are not "smart." Customers rely on Sense for a wide range of uses including checking what time their kids get home, monitoring their home appliances, determining whether they left appliances running or doors open and identifying how to reduce their energy costs. Sense is headquartered in Cambridge, Mass. To make sense of your energy, visit: https://sense.com

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