# Yonomi

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

- Industry: Software
- Headquarters: Austin, US
- Website: www.yonomi.co
- Total disclosed funding: $6M
- Latest round: Series A (Jan 8, 2018)
- Investors on record: 3

## About

Yonomi Inc. is a technology firm specializing in a cloud-based connectivity platform that enables seamless integration of smart devices, enhancing user experience and interoperability for homeowners and businesses.Founded in 2013 and headquartered in Austin, US, Yonomi Inc. develops solutions for smart device integration. The firm was founded by Garett Madole, who has a history with Torobo Mobile. In January 2021, Yonomi was acquired by Allegion Ventures from Rockies Venture Fund and Gentex Corporation. The company has raised a total of USD 5.00 mn, with the latest funding round being Series A led by Gentex Corporation.Yonomi offers a cloud-based connectivity platform tailored for the integration of smart devices, particularly for Allegion’s suite of brands. The platform provides a standardized interface for technology alliances, fostering connections with future devices and enhancing user experiences. Its primary clientele includes homeowners, property managers, and businesses aiming to optimize their environments. Yonomi's products are marketed globally, with a strong focus on North America and Europe, where demand for smart home solutions is growing.Yonomi's revenue model is based on partnerships and subscriptions, allowing businesses to access their connectivity platform through service agreements featuring tiered pricing structures. The firm targets B2B relationships, particularly within the smart device sector, enabling manufacturers and developers to enhance their product offerings. Revenue is generated from ongoing subscription fees for software access and flagship services that support various smart device applications across diverse markets.Yonomi’s strategy for future growth includes expanding its product offerings and entering new markets. Following the acquisition in January 2021, the company plans to enhance their platform capabilities and explore opportunities in regions with increasing demand for smart technology solutions. Recent funding will support these initiatives, focusing on product development and market expansion.

## Funding rounds

- Series A, Jan 8, 2018, $5M — Gentex Corporation, Allegion Ventures
- Seed, Mar 1, 2016, $0.2M — Rockies Venture Fund
- Seed, May 1, 2015, $0.8M — Rockies Venture Fund

## Investors

- Rockies Venture Fund (https://capitalatlas.ai/funds/rockies-venture-fund) — Seed
- Gentex Corporation — Series A
- Allegion Ventures (https://capitalatlas.ai/funds/allegion-ventures) — Series A