INSUBCONTINENT EXCLUSIVE:
Tado, the smart thermostat and AC control maker, has raised a further $50 million in funding from an array of noteworthy and strategic
and the European Investment Bank.It brings total funding to $102 million since being founded in 2011, while the new capital will be used to
develop new products and to extend its service offerings
heating engineer partners.That Amazon has chosen to invest is probably the most interesting aspect of this new financing round
The e-retail and technology giant has made multiple moves into the smart home space over the last few years, including acquisitions such as
Ring (smart doorbell and security), and Blink (more smart doorbell and security cameras)
Prior to buying Ring it was an investor via its Amazon Alexa Fund, and has also backed United States focussed smart thermostat company
ecosystem under a single voice interface, alongside competitors Apple (Siri) and Google (Google Home), of course
(Tado supports all three digital assistants and is sold by Amazon and in Apple retail stores)
Amazon has also ventured into smart home device installation and other home services, and given that Tado has a strong services component,
This includes being able to connect your existing central heating or air conditioning to the internet for remote and smartphone control, but
different boilers/manufacturers typically found in heating systems in Europe and in newer systems in general
This enables the Tado cloud to do a number of interesting things, such as modulating heating, rather than simple switching the boiler on or
will see Tado more directly benefit energy management overall, including at the national grid level
peak energy times.This could be as simple as turning your heating down by a few points without it really being noticeable or heating your
home up a little ahead of time
ever more crucial as more renewable energy that is sporadic in nature, such as wind and solar, is supplied to the grid.Meanwhile, energy
company E.ON joining this latest funding round builds on a number of partnerships that Tado has with utilities companies as a route to
market other than its B2C sales in retail stores
Deilmann tells me Tado can be purchased from over 30 utility companies and that B2B makes up around 50 percent of sales
The company also counts ?ez Group, a multinational energy conglomerate based in the Czech Republic, and Statkraft Venture Capital, the
