Flatout Technologies secures $1M investment
While detailed figures cannot be disclosed at the moment, the startup that has set out to revolutionise Smart Homes already has plans concerning the money raised. “We will use the investment to finish developing our product, to continue paying our staff of 14 and to travel to various fairs,” Kurt Reimann, CMO of Flatout Technologies, tells inventures.eu. Flatout’s travel schedule is already quite busy this year, as the team will be represented at the Smart Home Fair “Connections” in Amsterdam and at the “CEDIA” in Denver, Colorado, where they will showcase their product along with their hardware partners from Silicon Valley.
Photo credit: Flatout Making Smart Homes even smarter
Moreover, at the Telecom Council in the Valley, where almost all Telcos flock to each year, Flatout will present FlatCloud, their cloud-based Smart Home operating system that is designed to make users’ lives a lot easier –by making smart homes even smarter. Using FlatCloud as a platform, Flatout’s clients can more easily manage their home devices connected to the internet and thus can control and monitor indoor settings such as regulating the temperature, changing light colors in rooms, or dimming the light, among others. The system also includes a security feature that notifies users in case of an emergency and can help to scare off burglars when used to manage a combination of sirens and lights, thanks to connected sensors and actuators.
Founded in Vienna by Daniel Marischka (CEO), Manuel Mager (CTO) and Christian Passet (Developer), Flatout is based on a B2B-model and sells software licenses “as a service” to companies who only pay for and use those services they need, while the startup takes care of hosting, services, updates and support. This allows companies to serve their clients quickly and flexibly without having to resort to time consuming in-house development.
The house of the future
After a year and a half of developing the software, the Viennese startup will now seek to encourage “developers to create apps for themselves, as well as for Flatout’s platform,” Reimann says. This is where one of Flatout’s distinctive features lies: the system functions on devices from all kinds of producers and can be expanded, as well as scaled. Ultimately, Flatout wants to “enable home devices to ‘speak’ to each other,” as Reimann puts it. “This will provide for real intelligence in the house of the future.”