The Bangalore-based startup uses cloud and IoT technologies to provide home automation solutions
The round was led by R Ramaraj, Senior Advisor at Sequoia Capital and Co-founder of Sify, according to The Economic Times.
It is not clear as to how Silvan plans to utilise the funds. An e-mail sent to Silvan didn’t elicit any response till the time of publishing this article.
Founded in 2008, Silvan was started off as a provider of Internet Protocol (IP) cameras with built-in intelligence to detect events automatically. As the business grew, it expanded the scope by entering into the sphere of home automation based on contemporary technologies, such as cloud services and IoT.
Ubiquitous access to the home automation system from the smartphone was first on the list of priorities for Silvan’s founders. They were keen on creating a generation of new-age automation where smartphones could be used to control all the appliances and devices in a house.
Silvan’s clients include real estate companies such as Sobha Developers, Brigade, Nambiar Builders, Total Environment, Tata Housing, and Lodha.
Silvan is now looking to expand into other geographies.
The Chennai Angels funds early-stage technology firms in India. Its recent investments include Brigge, an activity-based social network, and SaaS firm Cloudcherry Analytics.
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