UK developer of Home Security devices Cocoon is among the first start-ups selected by Breed Reply incubator in London. Cocoon is a UK based start-up that has created a smart home security system that utilises SUBSOUND™ technology to sense unusual activity throughout the whole home, without the need for any additional sensors or professional installation. It avoids false alarms by learning what’s normal for home, only sending alerts and high quality video straight to your smartphone when something unusual happens - via the Cocoon mobile app. Cocoon received a London Design Award and has been listed in Forbes as one of the top new businesses to watch in 2015.
Beside Cocoon, the two other startups are: BrainControl (Healthcare) and Greeniant (Energy). Breed Reply's advanced incubator, funds and supports the development of start-ups active in the Internet of Things (IoT) space in Europe and the USA. Breed Reply’s initiative launched in October 2014, aimed at identifying the most innovative ideas in IoT and received over 130 applications in one month, with start-ups coming from across the world and covering the most innovative sectors, such as Health, Energy, Smart Home, Fitness&Wellness, Transportation and Smart Manufacturing. Term Sheets have been signed with three start-ups in the sectors of Health, Smart Home and Energy. The investment that consists of a total amount of 2.435.000 pounds for shareholding varying between 20% and 70% is part of Reply's development strategy on the Internet of Things and Wearable Technologies.
For further information please visit http://cocoon.life