Smart Buildings

Building Automation Start-Up Ecovent closes $6.9 million Series A funding

Massachusetts Institute of Technology (MIT) start-up, Ecovent, announced this week that it has closed a $6.9 million Series A funding round led by Emerson Climate Technologies, and includes participation from Tamarisc and Blue Fog Capital. The Boston based firm produces intelligent home zoning systems designed to deliver room-by-room climate control. The company, established through a business incubation program at the MIT, has garnered attention through several entrepreneurial competitions and won a $10,000 award for being the most promising startup out of several fledgling innovation companies from Harvard and MIT in 2014. At the beginning of this year Ecovent was named Automation Product of the Year at CES 2015, and has since brought in more than $1 million in pre-orders. An Ecovent system with four vents, four temperature sensors, and a wireless control unit including thermostat has a list price of $1,100. According to the company, its system of wireless vents and sensors intelligently diagnoses the […]

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