Chepstow, 11 July 2017 – Smart building technology company enModus raises £3m from three investors including shopping centre giant intu. Total funding to date amounts to £9m – £6m in seed investment since launch in 2010. Ambition to grow customer base worldwide with ground-breaking powerline communications technology
About us - History
enModus was founded by Andy Heaton and Phil Young in 2010.
Andy and Phil, both experienced technology entrepreneurs who had previously worked together in GPS and powerline startups, blend their technology, commercial and leadership skills into a world beating team.
EnModus was founded on the principal that, whereas wireless technologies satisfy some applications perfectly, they suffer from catastrophic range issues and will not cost effectively scale in large buildings.
There is a growing need for a smart buildings solution, built from the ground up, to satisfy this rapidly growing market that is simple to install, works reliably, and offers a platform for services delivery.
Therefore, enModus was founded to develop a new powerline communications technology, perfectly designed for common applications in smart buildings, together with a scalable and efficient cloud based platform.
Founder and Angel funding together with £1m in initial seed funding allowed enModus to develop the core technology and a strong IP position. Follow on funding rounds of >£3m have allowed enModus to bring their smart buildings solution to market.