About IOTAS
IOTAS is a company based in Portland (United States) founded in 2014 was acquired by ADT in June 2022.. IOTAS has raised $17.91 million across 10 funding rounds from investors including ADT, Liberty Global and TELUS Ventures. The company has 30 employees as of December 31, 2022. IOTAS offers products and services including Resident App, Smart Lighting, Smart Locks, Smart Thermostats, and Leak Detection. IOTAS operates in a competitive market with competitors including Vivint, Particle, Signify, Landis+Gyr and MRI Software, among others.
- Headquarter Portland, United States
- Employees 30 as on 31 Dec, 2022
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Sectors
Business ServicesEnergy & Utilities Real Estate & Construction Technology
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Email
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Phone
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Website
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Social
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- Legal Name Iotas Inc.
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Products & Services of IOTAS
IOTAS offers a comprehensive portfolio of products and services, including Resident App, Smart Lighting, Smart Locks, Smart Thermostats, and Leak Detection. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for controlling smart apartment devices remotely.
System for energy-saving lighting control via apps.
Locks managed remotely for secure apartment access.
Thermostats for automated temperature adjustments.
Sensors to detect leaks and prevent damage.
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Data Analysis and Operations Team
2 people
Sales and Marketing
1 people
Lead Team
1 people
Strategic Team
1 people
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Funding Insights of IOTAS
IOTAS has successfully raised a total of $17.91M across 10 strategic funding rounds. The most recent funding activity was a Series A round of $2.76 million completed in April 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series A — $2.8M
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First Round
First Round
(28 Nov 2014)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2021 | Amount | Series A - IOTAS | Valuation |
investors |
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| Oct, 2019 | Amount | Series A - IOTAS | Valuation | TELUS Ventures | |
| Nov, 2018 | Amount | Series A - IOTAS | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in IOTAS
IOTAS has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include ADT, Liberty Global and TELUS Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments in multiple sectors are directed by TELUS Ventures.
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Investment in technology startups focusing on compute, AI, and related innovations.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by IOTAS
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - IOTAS
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Iotas Comparisons
Competitors of IOTAS
IOTAS operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Vivint, Particle, Signify, Landis+Gyr and MRI Software, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based smart security cameras are manufactured for home use.
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IoT connectivity platform from prototype to production is developed.
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| domain | founded_year | HQ Location |
Signify is recognized as a global leader in lighting solutions.
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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| domain | founded_year | HQ Location |
Property management software is provided for residential and commercial properties.
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Connected devices are managed via an app and hub system.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Iotas
Frequently Asked Questions about IOTAS
When was IOTAS founded?
IOTAS was founded in 2014.
Where is IOTAS located?
IOTAS is headquartered in Portland, United States. It is registered at Portland, Oregon, United States.
Is IOTAS a funded company?
IOTAS is a funded company, having raised a total of $17.91M across 10 funding rounds to date. The company's 1st funding round was a Series A of $700K, raised on Nov 28, 2014.
How many employees does IOTAS have?
As of Dec 31, 2022, the latest employee count at IOTAS is 30.
What does IOTAS do?
IOTAS was founded in 2014 in Portland, United States, within the Internet of Things sector. A proprietary smart home hub is offered to connect and control devices such as outlets, switches, sensors, and thermostats. Home appliances are automated through this platform, with machine learning applied to adapt to user patterns. Operations focus on device integration and centralized management for residential settings.
Who are the top competitors of IOTAS?
IOTAS's top competitors include Vivint, Particle and Landis+Gyr.
What products or services does IOTAS offer?
IOTAS offers Resident App, Smart Lighting, Smart Locks, Smart Thermostats, and Leak Detection.
Who are IOTAS's investors?
IOTAS has 9 investors. Key investors include ADT, Liberty Global, TELUS Ventures, Intel Capital, and Rogue Venture Partners.
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