Foxconn Invests in Home Automation Firm WiZN Systems
Bangalore-based home automation startup WiZN Systems has raised an undisclosed amount in an angel round of funding led by Taiwan’s Foxconn Technology Group, according to a report in The Economic Times.
Kanwaljit Singh, cofounder of FireSide Ventures, and a few other angel investors too participated in the funding round.
As part of the investment deal, Foxconn, the maker of Apple iPhone, will manufacture the initial set of hardware devices for WiZN. Moreover, Rahul Chowdhri, former partner at venture fund Helion Ventures, will join the startup’s board as a non-executive director.
Founded in 2014 by the former Texas Instruments employee, WiZN Systems’ technology helps connect everyday things to the internet and makes them wise. eGlu, a family of products powered by the company’s tec...