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Los Angeles-based Phyn , the Belkin spinout which is developing very advanced, machine learning-driven smart water usage monitoring systms, has raised $12M more in a funding round, the company announced on Thursday. The funding came from Belkin International and Uponor, both prior investors in Phyn.
We talked with Ryan Kim , the company's CEO, to learn more about the company, how it spun out of Belkin's WeMo efforts, and how water usage is a huge area ripe for innovation. We identified this as a problem about eight or nine years ago at Belkin, just at the beginning of the WeMo efforts there.
Last night when my friend showed up to my house I answered the doorbell through my phone while still down the street picking up dinner. When I showed up a few moments later she asked if she was in the “Back To the Future” movie. ” We laughed and I gave her the full tour of my newly spruced up, connected home.
Turning lights on automatically and setting thermostats from a smartphone is the stuff geeks revel in now, but for the smart home to reach flooding point, it must transform, not augment, the domestic realm — and it needs to start in the kitchen. It would certainly be a start. And herein lies the rub.
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