Smart building technology start-up enModus has secured £3m ($3.9m) in series A funding to accelerate its expansion in Europe, North America and the Asia-Pacific region. The company will also use the funding to double its staff from 16 people within the next 18 months. EnModus, which is based in Wales, Chepstow, 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 use more effectively, among other objectives.
Smart building technology start-up enModus has secured £3m ($3.9m) in series A funding to accelerate its expansion in Europe, North America and the Asia-Pacific region. The company will also use the funding to double its staff from 16 people within the next 18 months. EnModus, which is based in Chepstow, 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 use more effectively, among other objectives.