IOTAS Raises $8.5M to Launch IoT-as-a-Service for Enterprise
Summary
IOTAS, the leading IoT-as-a-Service smart apartment platform, is proud to announce the completion of its Series A round of funding led by TELUS Ventures and including participation by Liberty Global. This round of funding will be directed toward driving growth of IOTAS’ Enterprise SaaS offering, a new platform for Smart Communities and expansion into international markets. The MFH industry sees Internet-of-Things (IoT) as the future because it attracts more residents at premium leasing rates while reducing operating costs and mitigating risks such as water leaks that average $11,000 per incident. “The development of Smart Buildings and Cities supported by strong Corporate Venture Capital funding means we will continue to see more innovative third wave technologies like IOTAS. As IoT is rapidly emerging, we believe IOTAS has exceptional potential to continue benefiting the real estate industry and efficiency-seeking consumers in the United States as well as the international markets where it will soon launch.
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