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iControl gets $50m

June 23, 2011Martha Entwistle

PALO ALTO, Calif.—IControl co-CEOs Jim Johnson and Paul Dawes said they were originally looking for a $30 million investment, but there was so much interest that they got $50 million. They even turned away some investors whose interests didn't align with iControl's strategy, they said. “There was more interest in investing than we anticipated,” Dawes told SSN on June 20. The success of the round is due to the successful roll out of ADT's Pulse product, the recent iControl/Comcast...

Charles River Ventures, Cisco, Comcast, Comcast Ventures, iControl, Intel Capital, Jim Johnson, John Doerr, OpenHome, Paul Dawes, Rogers Communications, Suzanne Bel, the Kleiner Perkins Caufield & Byers iFund, XFINITY