iControl Raises $50M In Funding Round

Palo Alto-based iControl Networks has raised about $50 million in a fourth round of funding led by energy and clean-tech investors.

Palo Alto-based iControl Networks has raised about $50 million in a fourth round of funding led by energy and clean-tech investors, Private Equity Hub reports. The new funding brings the total amount raised by the broadband home management software company to $100 million. The money will be used to speed up deployment of iControl’s energy management solution and other broadband home management services. Investors joining the funding round included Cisco Systems, Comcast Ventures, Intel Capital, Rogers Communications and Tyco International.

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