Amber Answers, an IoT product corporate that sells sensible shops, switches and circuit breakers closed Collection A Most well-liked Inventory spherical of financing that equals $three.3M in gross proceeds. Amber will use the price range to fortify the economic building of Amber’s core applied sciences.
One among Amber’s product is solid-state circuit interrupter (GFCI) that principally stops damaging ranges of electrical energy from passing thru an individual. It operates as a security instrument alerting the house owner of electrocution incidents in actual time.
Amber Solutions’ core markets are developers that get ready sensible house/sensible development 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 by means of Palo Alto-based Armis.