SNUPI Technologies, a sensor and services company supporting the health of the connected home, announced a Series A funding of $7.5 million. The company will use the capital to fund the roll-out of WallyHome, the companys first product in the Wally line: an innovative wireless sensor network for the home. Funding was led by Washington Research Foundation Capital, with participation from Madrona Venture Group, as well as strategic and individual investors.
WallyHome tackles the problems of undetected leaks and undesired moisture in homes. According to the Insurance Information Institute, in 2011, 14 million homeowners suffered from damage due to water, freezing and mold, which resulted in $11 billion in property loss.
WallyHome is a comprehensive network solution that pairs a hub and six wireless sensors, which are placed near appliances or in hazard-prone spaces, to create a smart home platform. Homeowners and their alert contacts are notified instantly via email, text or push notification of water leaks, abnormal changes in temperature and humidity readings, or potential hazards, such as conditions for mold. Customers can access their WallyHome dashboard, available through the web and the Wally app, to view their current home conditions and trends over time.
What really makes Wally stand out is its ultra-low power technology. Unlike most technologies, which require over-the-air wireless transmission to the base station, Wally uses the existing copper wiring in walls to communicate information between the sensors and its Hub. This technology allows Wally sensors to last for over ten years with no battery changes.