London-based incubator Breed Reply has announced three startups which have entered its European and US Internet of Things programme.
They are BrainControl (health), Cocoon (smart home) and Greeniant (energy). The investments total £2.45 million in return for a shareholding of between 20 percent and 70 percent of the companies.
BrainControl is an Italian startup which has developed an assistive technology controlled by brainwaves, that allows people suffering from amyotrophic lateral sclerosis (ALS), multiple sclerosis, traumatic or ischemic injuries, to communicate with the external world.
BrainControl uses a brain-computer interface (BCI) technology that, through a headset worn by the patient, interprets the electrical signals corresponding with certain brain activity, and allows external devices, such as computers or tablets, to be controlled with thoughts.
Cocoon is a UK-based startup that has created a smart home security system that senses unusual activity throughout the whole home, without the need for any additional sensors or professional installation. It avoids false alarms by learning “what’s normal” for the home. It sends alerts and high quality video straight to your smartphone when something unusual happens via the Cocoon mobile app.
Greeniant is a Dutch start-up whose solution analyses energy consumption by using the data from smart meters. Greeniant offers insight into the consumption of energy by disaggregating the data and enabling end users and energy providers to see usage by appliance. One of the advantages of Greeniant's solution is the fact that only smart meter data is used, so there’s no need for plugs or other equipment.
“We are very pleased with the results of the first IoT Best in Breed initiative”, said Emanuele Angelidis, CEO of Breed Reply. “These three new venture partners represent excellence in terms of both innovation in the IoT sector and quality of their teams.
“The managerial support offered by Breed Reply to BrainControl, Cocoon and Greeniant, in addition to the financial investment, will accelerate the presence and success of their solutions in the market. We are already working for the launch of the next initiative,” said Angelidis.