SEATTLE, May 29, 2018 (GLOBE NEWSWIRE) -- Deako, the Seattle-based smart lighting technology company, today announced the closing of its latest fundraising round. The Y-Combinator grad has raised an additional $4 million for a total of $15 million raised since it was founded just over 3 years ago. The funds will be used to grow Deako’s team, and for sales and marketing initiatives to expand the reach and awareness of Deako’s modular smart lighting technology for residential home builders.
Home buyers have increasingly been asking for smart technology pre-installed in their homes. Due to cost restrictions, home builders have only been able to offer smart lighting in one or two locations in the home. If ever that homeowner wanted to upgrade or expand their smart lighting in the future, it would require rewiring and a costly visit by an electrician.
“With Deako’s modular system, builders can offer the entire home - every single switch - already wired for smart lighting when the homeowner moves in. Deako’s modular system gives the ability to easily upgrade in seconds with a 'click-in' smart switch,” said Derek Richardson, Founder and CEO of Deako. “We’re getting a great response from home builders around the country, and looking forward to increasing our sales and marketing efforts to drive even greater awareness.”Deako’s modular system of easy-to-install back plates has created an affordable smart lighting system with no special wiring or hubs required. The patent-pending “click-in” back plates make the Deako product simple to install, and home builders are benefiting from the ability to offer upgrades to smart technology systems to home owners -- a key differentiator for them.