Inbar raises $ 8.5 million Series B for ‘Second Electric Revolution’

Amber Solutions, A start-up interested in commercializing digital control of electricity, raised $ 8.5 million in the Second Series round.

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Building fixtures like smoke detectors and circuit breakers today use electro-mechanical technologies. Amber, based in Dublin, California, aims to replace electromechanical branding with solid-state electronics en route to silicon.

According to the company, its programmable power system can control the flow of electricity digitally. For example, if the lights are off in the building, the system can communicate this.

“With our technology, even before you can find your phone for a maintenance call, maintenance has already received a signal,” the CEO said Thar Casey Said in an interview with Crunchbase News. “They know what caused it and they have wireless connectivity so they have already solved it.”

In other words, any socket can act as a circuit breaker, and in the embedded intelligence software it is as if it has a mini-computer. Awareness of Inbar’s technology sensors can make buildings safer, according to the company, by detecting hazards such as fire and gas leaks, and it can be used in both residential and commercial properties.

“What came out of us in Amber was the Second Electric Revolution,” Casey said. “We’ve come up with disruptive technologies that are going to be the core of every electrical infrastructure in every building. We take the electromechanical switching … and replace it with solid state.”

The company, whose revenue is early, will use the funding to hire more engineers, invest in the company’s new office in Rooseville, California, engage with additional manufacturing companies and allow Amber to start developing its silicon to make its technology a chip.

Series B brings Amber’s total funding to about $ 14 million, with investors including family offices. The company first raised $ 5.7 million Series A May 2018. In total, real estate companies received funding of more than $ 8.5 billion last year, according to Crunchbase data.

The next round of recruitment will likely be an organizational round with strategic partners, Casey said.

Illustration: Dom Guzman

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