Amber Answers, an IoT product corporate that sells sensible retailers, switches and circuit breakers closed Sequence A Most well-liked Inventory spherical of financing that equals $three.3M in gross proceeds. Amber will use the price range to strengthen the economic building of Amber’s core applied sciences.
One in every of Amber’s product is solid-state circuit interrupter (GFCI) that mainly stops damaging ranges of electrical energy from passing via an individual. It operates as a security tool alerting the house owner of electrocution incidents in actual time.
Amber Solutions’ core markets are developers that get ready sensible house/sensible development in a position infrastructure, qualified electric contractors or remodelers, and electric producers.
Different newest investment information come with Owlet’s $24M Sequence B, Axonize’s $6M Series A spherical and addition of Deutsche Telekom as its strategic investor, and $30M Sequence B raised through Palo Alto-based Armis.