Deako Raises $3.5M for Smart Light Switches

Credit: Deako
Photo via Deako.

Seattle-based smart light switch builder Deako has raised $3.5 million in funding, and its technology will be used in close to 10 percent of new homes built in the Seattle area next year.

With the latest funding, Deako has now raised close to $6.8 million in the last eight months, according to a filing with the U.S. Securities and Exchange Commission. Co-founder and CEO Derek Richardson said six venture capital firms from Silicon Valley, New York and Chicago have invested in Deako so far, but he would not name them.

The company says it has just finished up an alpha test and has refined the interface and added the ability control any light in a house with any switch. Users can also control lighting through a smartphone app.Deako’s customers are not home-buyers but rather home-builders and their electricians, who install the hardware in new homes. Richardson would not say which home-builders he is working with, but he said the number is in the double digits.

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