IOTAS, Inc.
IOTAS accelerates ‘Smart Apartment’ adoption by increasing building value
- Stage Full Product Ready
- Industry Real Estate
- Location Portland, OR, US
- Currency USD
- Founded April 2014
- Employees 12
- Incorporation Type C-corp
- Website iotashome.com
Company Summary
Apartment building owners want the benefits of lower operating cost and stronger competitive differentiation that 'Smart Apartments' could offer, but the cost and complexity of installation/integration is a deterrent. IOTAS 'Smart Apartment' technology reduces installation cost with automated integration of smart devices into a control network, allows managers to reduce operating cost with a Management Dashboard, and delivers smart-home benefits to residents. All the smart-apartment benefits with less hassle and cost.
IOTAS (IoT as a Service) is addressing the $71B Smart Home Market from a different perspective, instead of consumers, we target the real estate industry by providing them an easy solution that works into their current process during retrofits or new construction.
Our business model is simple -- sell hardware and software to apartment owners who are also our distribution partners. We drive early revenue from apartment owners while increasing our end-users. We don’t charge the residents, they get the IOTAS’ Smart Apartment for ‘free’ (as part of their rent for the building amenities)
Team
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CEOExperienced entrepreneur, past start-up generated upwards of $10M in revenue in 2 years. Previously worked at Qualcomm, Palm, VeriSign
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Jeremy SteinhauerCo-Founder, VP of Eng, Data ServicesMachine Learning, Neuroscience, Back-End and Android Development
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Front-End Development LeadUI Developer with focus on Angular, NodeJS
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VP of Business Development -
VP of EngineeringJames Motley, VP of Engineering, who recently joined the team was a partner at Rigado, and led engineering at Cigna, Intel, and Nike.
Advisors
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Peter NoslerUnconfirmed -
Jeff GausUnconfirmed
Jim SpencerUnconfirmed -
James BarryUnconfirmed
Previous Investors
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