• Jealous of Google and Nest? Amazon Just Invested in a Smart Thermostat Startup

    22 days ago - By Fortune

    German smart thermostat startup Tado just raised $50 million in Series F funding, including from one very prominent backer: Amazon amzn
    .
    With the latest infusion, the Munich-based startup nearly doubled its total funding. Tado's device and app integrate with home heating and cooling systems to adjust temperatures based on usage and to maximize energy efficiency, and are already compatible with Amazon's Alexa voice assistant.
    Other backers in this round include German energy giant E.ON eongy
    , gas company Total and the European Investment Bank.
    Could it be that Amazon is jealous of Nest?...
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  • Amazon backs German smart heating and AC company Tado in new $50M funding round

    Amazon backs German smart heating and AC company Tado in new $50M funding round

    22 days ago - By Tech Crunch

    Tado , the smart thermostat and AC control maker, has raised a further $50 million in funding from an array of noteworthy and strategic investors. Backing the Munich-headquartered company this time around is Amazon, E.ON, Total Energy Ventures, Energy Innovation Capital, and the European Investment Bank.
    It brings total funding to $102 million since being founded in 2011, while the new capital will be used to develop new products and to extend its service offerings. The latter already includes “proactive” boiler maintenance via data the app collects and analyses and Tado's 40,000 strong...
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  • Amazon joins $50 million investment in European Nest rival Tado

    Amazon joins $50 million investment in European Nest rival Tado

    22 days ago - By Venture Beat

    Tado, the Nest of Europe, has raised $50 million in a round of financing from big names such as Amazon, E.On, and the European Investment Bank.
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