BOULDER — Yonomi, a platform for integrating smart home devices, has raised $1.6 million.
The Boulder-based tech company is seeking $2.6 million, according to a Form D filed with the Securities & Exchange Commission. Yonomi is offering equity and preferred stock that can be converted to common stock.
Yonomi works by detecting connected devices a person has in the home and then connecting and automating them together. Whether it’s smart lights, a thermostat, TV or door lock, if it’s a connected device then Yonomi can automatically discover them and connect them to work together without the need for manual programming, CEO Kent Dickson told BizWest.
The company is also working with manufacturers and service providers for smart devices to have them use the Yonomi software platform.
Yonomi is a graduate of the Innosphere incubator and has been operating for four years. Dickson said the capital the company is raising is to support the growth it’s experienced in the last year.
“We’re at nearly 500 percent growth in our user base over the last year,” Dickson said. “There are a number of smart home device manufacturers who come to us to use our platform as well. We’re raising capital to expand our workforce and satisfy new users and customers.”