UK home tech startup secures seven-figure funding investment for "digital guardian"
A UK home tech startup specialising in preventing cybercrime has raised $1.5m through a combination of investment and crowdfunding.
Zobi Home Intelligence, based in London, has secured $1.5m which it plans to use to bring its digital guardian ‘Hedgehog’ to market.
The investment was led by Worth Capital with Loyal VC and supplemented through a blend of angel funding and a Seedrs crowdfunding campaign.
The British AI tech startup expects to launch Hedgehog in the second half of 2021, as well as several software products in the coming months.
Hedgehog aims to protect users from cybercrime by using AI to manage and keep their online identities safe on all devices across entire smart home networks.
Scott Lever, founder of Zobi, said: “I am thrilled not only to close a successful $1.5m fundraise, but to share our journey and vision with over 900 investors, many who came through crowdfunding platform Seedrs. Having the backing and mentorship in the guide of Worth Capital, Loyal VC and our advisors puts us in a strong position for hypergrowth.”
Kamal Hassan, partner at Loyal VC, added: “Zobi’s ability to conceive, quickly sell, and deliver a simple home security solution, while overcoming numerous obstacles, impressed the Loyal team during our extended due diligence and led to our investment.”
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