iControl raises $50 Million to accelerate broadband management

iControl Networks (Palo Alto, Calif.), a broadband home management company, last Monday announced the close of over $50 million in Series D funding, bringing total investment in the company to more than $100 million.

iControl's Series D round was led by energy and clean tech investors. Other investors in this round of funding include Cisco, Comcast Ventures, Intel Capital, Charles River Ventures, the Kleiner Perkins Caufield & Byers iFund, Rogers Communications and Tyco International, the parent company of ADT Security Services.

According to iControl, this round of funding will aim to accelerate the deployment of iControl's energy management service and other broadband home management services, while also attempting to position the company for international expansion.

iControl's OpenHome technology powers Comcast's recently-launched XFINITY Home Security service, an ADT Pulse service, and is in market deployments with other unannounced broadband service providers.

The iControl OpenHome software platform is a broadband home management service that enables broadband service providers, home security companies and utilities to offer interactive life safety and lifestyle services to their customers, allowing those customers to control and connect to their homes via the web and other mobile devices.

"By layering energy management on top of an interactive home management platform, our service provider partners will be able to offer intuitive ‘green home' value-added features to their customers," said Paul Dawes, co-CEO of iControl Networks.


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