Notion, a Denver, Colorado-based IoT-powered home monitoring startup closed $ 10M Series A funding round led by Draper Nexus and TransLink Capital. Existing investors XL Innovate, Mesh VC and others also participated in the round. The startup plans to use the proceeds to pursue partnerships with home insurers, marketing, product development, and hiring engineers.
Notion’s key value proposition is monitoring multiple things (doors, temperature, windows, water leaks, and alarms) using a single sensor.
The solution consists of sensors, a bridge, and an app. The sensors can detect motion, leakage, and temperature. The bridge connects the WiFi and serves as the home’s personal message courier. Sensors and the bridge communicate via a proprietary 802.15.4 protocol which is similar to Zigbee. The app displays the critical alerts users can set on their smartphone.
Notion is selling the starter kit, which consists of three sensors and a bridge, for $ 219. Users can buy two more sensors in the starter kit for an additional $ 79. The bridge is priced at $ 80.
Borqs, a leading IoT products and solutions provider, raised $ 10M in Series E funding round backed by Qualcomm Ventures and Accel Partners. The announcement was made on March 13th, 2017.
In earlier rounds, Intel Capital, Keytone Ventures and Northwest Venture Partners backed Borqs in Series A, B, and C investment rounds respectively.
Beijing- and Bengaluru-based Borqs underwent a $ 303-million reverse merger six weeks prior to the new funding round. The company has raised about $ 50 million in venture funding till date. The IoT device developer is expected to list on NASDAQ in April, 2017.
The major investment that comes from Qualcomm Ventures compliments Borqs’ existing product and services business. Borqs also works with Qualcomm in the wearables segment (smartwatches and connected kid watches) based on Qualcomm Snapdragon Wear.
Borqs’ M2M and Smart City solutions consist of several devices and services such as road assets, underground sensors, rerouting gates, road cameras, Borqs managed cloud, and ambient lights. Spain based wireless sensor and provider Libellium is another leading company that provides a full spectrum of IoT products ranging from sensor motes to a full fledged gateway device.