Automated Home reports that Apple has selected home automation technology company iControl to receive part of the $100 million in Venture Capital set aside for the iFund. The new Home Security 2.0 product from iControl will be ported and expanded to operate on the iPhone.
The new application will allow users to control their home security panels, IP cameras, sensors, and Z-Wave-based home automation devices. This includes devices such as lighting, door locks, thermostats, and much more. Further value is added with the addition of broadband and cellular communication to central monitoring stations, thus making Home Security 2.0 a powerful contender in the market.
For those unfamiliar, the iFund from KPCB is a $100M investment initiative that aims to fund revolutionary extensions for the iPhone. At this time, only 2 of the 1,700 reported applicant submissions have been approved to benefit from the iFund.
Filed in: Home Controls