Emily Spaven Editor at Tech City News. Wednesday July 12th, 2017 EnModus, a smart building technology company based in Wales, has secured £3m in Series A funding. Those who took part in the round include intu, which is one of the UK’s largest shopping centre owners; Breed Reply; and Finance Wales. Based in Chepstow, PropTech firm enModus has developed technology that can transform any industrial, commercial or retail property into a smart building, simply by connecting all devices to the cloud via an existing power line. Tech in Wales: The June 2017 roundup Launched in 2010, enModus specialises in Smart Lighting Control and Building Energy Management. The £3m in Series A funding, which brings total investments in the company to date to £9m, will help the firm accelerate its growth across Europe, North America, Asia-Pacific and beyond. EnModus also aims to double its staff count of 16 within the next 18 months. Andy Heaton, founder and CEO of enModus, said: “This is an exciting moment for enModus. Having intu, such a key player in commercial real estate, joining our key investors and supporting enModus is a validation that our technology is the best fit for safer and smarter buildings and that we provide our customers with a platform that helps them manage their energy efficiency priorities in the most effective way.” He went on to describe this new funding as a “real game-changer” that will enable the firm to rapidly grow its customer base. “The Internet of Things is driving new possibilities for control of a wide range of devices from LED lighting to building control and other connected systems. It’s a huge market and we’re now well-placed to take advantage of that,” Heaton concluded. To check out the latest UK tech investments, visit the Tech City News Investment Tracker. Photo by Davide Cantelli on Unsplash Follow the author, Emily Spaven, on Twitter at @emilyspaven
Smart building technology start - up enModus has secured £ ##500 m ( $ 3.9 billion ) in series venture funding to accelerate its expansion in uk , North America and the Asia - Pacific region . The company will also use the funding to double its staff from 16 employees within the next 18 months . EnModus , which is headquartered in bath , Wales , provides technology that can transform any industrial , commercial or retail property into a smart building by connecting devices to the cloud via an existing power line , thus helping building owners manage energy efficiency more effectively , among other objectives .