Intamac Systems, a market leader in Connected Home and Internet of Things (IoT) solutions, headquartered in the UK has raised a further £2m in growth capital. The funding round, led by YFM's Chandos fund and British Smaller Companies VCTs and also supported by a number of existing institutional investors including Seraphim and 350 Investment Partners, increases total investment in the business to £14.5m.
Intamac Systems delivers software and services that enable manufacturers and service providers to connect products securely to the internet so that they can be monitored and controlled via apps.
According to Intamac, its Enso platform, software and services are used by many blue chip companies including Scottish Power in the UK, Securitas across Europe and Belgium's Belgacom. It recently signed a three year contract with Sprue Aegis plc, one of Europe's leading suppliers of home safety products (including smoke and carbon monoxide alarms) sold under the FireAngel brand.
"Our IoT technology is enabling large manufacturers with trusted consumer brands to connect their products securely and efficiently to the internet making these ‘smarter' and more desirable for consumers. It also gives manufacturers real time insight into how their products are performing, through telemetry, remote diagnostics and estate management. Customers like having the power to control their home devices. This additional funding allows us to rapidly scale our business and meet the demand we are now experiencing."
- David Perez, CEO, Intamac
