05 Jun Notion raises $3.2M from XL Innovate and Liberty Mutual
Notion has raised $3.2 million in venture funding so that it can bring the Internet of Things (making everyday objects smart and connected) to home monitoring. Notion is offering a home-awareness system that uses sensors to alert you when something is going wrong, such as a home intrusion or water leak.
Denver-based Notion has already shipped more than 10,000 preordered units to homes around the country. The funding from XL Innovate, a venture capital firm that specializes in insurance, and Liberty Mutual Strategic Ventures will help the company grow to its next stage.