News: Portfolio 2006

InGrid, Inc. Secures $8 Million Series B Funding

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InGrid expects to launch its next generation of home protection products in the first quarter of 2007. InGrid's wireless grid technology is the most advanced on the market, enabling virtually undefeatable home protection for the home along with a suite of personal and professional monitoring capabilities. Its IP-based client server architecture is designed to enable more inhome services than any existing products available today.

 

"Even before the starting of shipping products, the demand from various distribution partners has exceeded our expectations," said Louis Stilp, Chief Executive Officer and founder, InGrid. "We are pleased that customers, partners and investors are responding to our value proposition of delivering affordable, consumer-centric, easy-to-use home security solutions to a broad consumer market. This latest round of funding from outstanding investment partners is a strong sign of confidence InGrid in the market and our opportunity."

 

 

About InGrid

InGrid was founded in 2003 to provide a new class of broadband enabled Digital Home Protection services for the residential and small business security market, principally through major broadband providers. InGrid's next generation systems and services provide better protection than most dealer-installed systems, are almost impossible to defeat, and can be easily and conveniently managed from a cordless telephone, cell phone, or web browser. Headquartered in Berwyn, PA, the company has raised over $16 million in two rounds of financing and received 11 U.S. patents. For more information, visit the company's website at www.ingridhome.com.

 

Contact: Fred Siegel

Chief Marketing Officer, InGrid

Phone: O: 484-913-1403

Mobile: 610-716-7444

FSiegel@ingridhome.com

www.ingridhome.com

 

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