August Home, a US-based developer of smart home access products, received $25m on Wednesday in a series C round featuring corporates AGL, Liberty Mutual, Comcast and Qualcomm.
Mass media group Comcast and mobile chipmaker Qualcomm, which took part through their Comcast Ventures and Qualcomm Ventures units, were joined by energy supplier AGL, insurance firm Liberty Mutual, Bessemer Venture Partners, Maveron and private equity fund SPDG.
August Home provides a range of products that control access to a user’s home, including a smart lock, keypad and doorbell camera, all of which can be controlled through a user’s mobile device.
In addition to selling its technology directly, the company has also formed partnerships with accommodation providers Airbnb and HomeAway and smart home device makers Amazon, Apple and Google and Nest.
The round increased August Home’s overall funding to $75m, and the capital will be used to scale operations as it looks to expand the range of products and services it provides.
Comcast Ventures, Qualcomm Ventures, Bessemer and Maveron all took part in August’s last funding round, a $38m series B closed in early 2015.
The series B round included data storage provider SanDisk, talent agency CAA and telecom group SingTel, which invested through subsidiaries SanDisk Ventures, CAA Ventures and SingTel Innov8 respectively, as well as telecom firm KDDI.
Global Brain, Dolby Family Ventures, Cowboy Ventures, Industry Ventures, Rho Ventures and SoftTech VC also contributed to the 2015 round.
– Image courtesy of August Home, Inc.