Aussie Utility Company AGL Invests in USA Start Up

AGL have just Invested 10million USD in San Francisco based Smart Home Company August Homes. The $10 million investment is “part of a broader innovation strategy, allowing insight and access to new connected home technology.”

The latest funding takes the total raised by August Home to $75 million. The funding will be used by the San Francisco-based company to expand operations and extend its Home Access Products and Services. August Homes most popular product is the August Smart Lock, which allows users lock and unlock their door remotely, create virtual keys for guests and keep track of who comes and goes with an app-based activity log. August Home has forged partnerships with Airbnb, Amazon, Apple, Google and Nest and claims to have the best-selling smart lock.

AGL executive general manager, Elisabeth Brinton said in a statement
“We know the connected home is a major area of interest for our customers and we’re focused on how we can give our customers greater control of their energy management. As we continue to innovate, we’re thinking of the home as a whole ecosystem – connected by smart technology. For us, this is just the beginning “

We at About Automation Are VERY Excited to see what this Investment will child, either from AGL or August Homes.  We hope it will bring new tech Australia’s way. Thank AGL for having the future in mind.

Leave a Reply

Your email address will not be published. Required fields are marked *

3 × 4 =

This site uses Akismet to reduce spam. Learn how your comment data is processed.