BeHome247 gets funding from five investors

Dec 9, 2013
Austin Business Journal

Home automation software maker BeHome247 Inc. reported completing a $1.6 million financing

The Austin-based company collected the capital from five investors, according to a Friday filing with the U.S. Securities and Exchange Commission

CEO Michael Walther referred questions to board member Ben Dyer who said the capital would be used to shift BeHome247 from product development to a growth stage. He declined to identify the investors involved in the financing

In 2011, Mobile Technology Network LLC, a developer of home automation software, relocated from South Carolina to Austin after attracting 900 beta testers over three years

The company, which employed 10 workers, then formed BeHome247 to market an open-source mobile application that enables users to remotely control functions such as lighting, heating and security with a smartphone

Users previously paid $14.95 per month for the service, but it has changed to an undisclosed amount since then. The hardware, which includes smart locks, depends on the configuration needed by each customer, Dyer said

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