Notion Smart Home Sensors Lure $3.2M From Investors

The sensors have eight different capabilities that will send alerts to homeowners when a potentially hazardous situation is unfolding at home.

DENVER — Notion is making waves in the smart home space and it has $3.2 million in venture funding to show for it.

The company, based here, has released a small, multifunction sensor that can recognize a number of threats to one’s home and send alerts to users wherever they are. The funding came from XL Innovate and Liberty Mutual Strategic Ventures, which Notion will use toward expanding on the Internet and in retail.

Here’s an excerpt from a Venture Beat report on the smart home sensors:

The sensor can recognize water leaks, the opening of doors and windows, temperature changes, smoke alarms going off, acceleration and motion (for movement, like an earthquake), light changes, natural frequency, and angular rate. These sensors can detect whether a door or window has been broken, for example, or whether anything else is amiss.

The product is said to rival Google Nest. Each sensor starts at $129, according to the report.

Part of the appeal for investors is the effect the sensors could have on the insurance industry. “By bringing a super smart and simple [Internet of Things] solution to homeowners, Notion can change both a homeowner’s experience as well as transform the insurance industry,” said Martha Notaras, a partner at XL Innovative. “Simple, reliable sensors that are easily deployed and capable of capturing relevant data can lead to a significant prevention of property damage. Homeowners benefit by having 24/7 insight into the health of their home and insurers can offer loss reduction initiatives. It’s a win-win.”


Read More: Voice-Activated Google Home Device Now Has Smart Home Capabilities


If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!

Security Is Our Business, Too

For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Commercial Integrator + Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add to your bottom line.

A FREE subscription to the top resource for security and integration industry will prove to be invaluable.

Subscribe Today!

Get Our Newsletters