Roost, a Sunnyvale, CA-based developer of smart home technology, raised $975k in seed funding.
Backers included DCM Ventures and General Partner, Jason Krikorian, founder of Sling Media, Legend Star, an investment division of Legend Holdings, as well as angel investors.
Led by CEO Roel Peeters, CTO James Blackwell, and CMO David Henry, Roost has developed a patent-pending connected platform that will allow consumers to enter the smart home space. Its initial hardware solution, to be announced this fall, will feature an innovative retrofit approach to the connected home.
The product will be sold at a retail price point below $50, and will be coupled with a mobile app that manages home data.
FinSMEs
02/10/2014