Bot Home Automation, does business as doorbot, announced a first close of $250,000 via a fundraising effort initiated this month. 25% of the $1 million non-brokered equity offering was placed with a single investor. The private placement will remain open for a year while an additional $750,000 is raised by the company. No previous known private placement was initiated by the company in the US.
Bot Home Automation designed and markets a Wi-Fi doorbell, called doorbot, that connects to smartfones and tablets. Doorbot streams live video and audio of users’ front doors directly to their mobile devices. Once the free application (app) is downloaded it simply opens a door to your front door…literally.
Bot Home Automation, registered in 2013, is headquartered in Pacific Palisades CA. It is led by James Siminoff (Chief Inventor and CEO). Revenues were not available for the latest reporting period.
The executive team includes Mark Dillon (CTO) and August Cziment.
Status: First close
Company: Bot Home Automation
Industry: Other Technology
Amount offered: $1,000,000
Amount placed: $250,000