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