Yonomi Closes $5 Million Series A Financing Round Led By Gentex

BOULDER, Colo., Jan. 8, 2018 /PRNewswire/ -- Yonomi, the IoT company that's creating a more connected smart home, today announced the completion of a $5 million Series A financing round led by Gentex, a leading supplier of connected car and digital vision features for the global automotive industry, with participation in the round from existing strategic investor Allegion. Gentex's lead role in the financing is part of a broader partnership forged between Yonomi and Gentex to jointly take smart home solutions to the automotive industry. Steve Downing, president and CEO of Gentex, has joined Yonomi's Board of Directors.

During the past year, Yonomi has worked with Gentex to pilot Yonomi One, a SaaS solution - announced today - that integrates products and services with all the top smart home devices and platforms. Gentex has harnessed the power of Yonomi One to launch HomeLink Connecttm, the next generation of its in-vehicle home automation controls. HomeLink Connect will allow vehicle owners to trigger smart home Routines remotely from the comfort of their car's center console and/or rearview mirror.

"Our exclusive partnership with Yonomi helps ensure that HomeLink Connect is compatible with the ever-expanding list of smart home devices," said Downing. "Our combined capabilities will help us provide automakers with a versatile, comprehensive and robust home automation platform that opens HomeLink^® to new markets and users by providing an ever-expanding number of use cases."

"The investment and partnership with Gentex further cements Yonomi's position as a leading IoT platform," said Kent Dickson, co-founder and CEO of Yonomi. "I am thrilled to welcome Steve to our board of directors and look forward to working more closely with him."

Yonomi will utilize the funding to expand its footprint worldwide, broaden its smart home device partnerships, and further market and scale its Yonomi Platform commercial offerings, including Yonomi ThinCloud and Yonomi One. The Yonomi Platform provides developers with the tools to build, integrate, and scale great smart home products and services.

Yonomi's popular consumer app, available for iPhone and Android, brings the home to life by connecting existing smart home devices and automating Routines for every room. The app is used across more than 150 countries.

About Gentex
Founded in 1974, Gentex Corporation (NASDAQ: GNTX) is a supplier of automatic-dimming rearview mirrors and electronics to the automotive industry, dimmable aircraft windows for aviation markets, and fire protection products to the fire protection market.  Visit the company website at www.gentex.com.

About Yonomi
Yonomi is the IoT company that's creating a more connected smart home. Yonomi builds smart home technologies for people and companies to connect devices, integrate multiple platforms, and bring the home to life. Its popular consumer app is used across more than 150 countries and its commercial solutions are used by leading companies driving a new era of smart home innovation. The company was founded in 2013 and is dual-headquartered in Boulder, Colorado, and Austin, Texas.

SOURCE Yonomi