# Domatic

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/domatic

- Industry: Electronics
- Headquarters: Palo Alto, US
- Website: www.domatic.io
- Total disclosed funding: $4.3M
- Latest round: Seed (Oct 17, 2022)
- Investors on record: 5

## About

Based in California, US, and founded in 2019 by Gladys Wong, and Jim Baldwin (CEO), Domatic, Inc. operates as an electronic company that provides data on a single wire pair to fixtures and removes barriers to deploying sensors throughout a building. In October 2022, Domatic, Inc. raised USD 3.99 million in seed funding led by Brick & Mortar Ventures, with participation from Catapult Ventures. 

Domatic, Inc. is an inventor of an intelligent power distribution system planned to improve building electrification. The company provides electrical devices and central control that push data and low-voltage power over a single-class two-wire, allowing builders to install and deploy building sensors for sustainability and efficiency at a low cost. Furthermore, the company claims a 40% reduction in energy loss by centralizing AC-DC conversion by replacing outdated electrical wiring with simple wiring that allows electricians to easily install the building's structure.

The company plans to use the October 2022 funding to develop its products.

## Funding rounds

- Seed, Oct 17, 2022, $4M — Alchemist Accelerator, Third Sphere, Brick & Mortar Ventures, Catapult
- Seed, May 21, 2020, $0.3M — Alchemist Accelerator, Decent Capital

## Investors

- Alchemist Accelerator (https://capitalatlas.ai/funds/alchemist-accelerator) — Seed
- Decent Capital — Seed
- Third Sphere (https://capitalatlas.ai/funds/third-sphere) — Seed
- Brick & Mortar Ventures (https://capitalatlas.ai/funds/brick-mortar-ventures) — Seed
- Catapult — Seed