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Control4 Gains $17.3M

Salt Lake City-based Control4, a developer of home automation hardware and related products, reported this morning that the firm has raised an additional $17.3M in equity funding. According to Control4, the investment came from Best Buy Capital, Mercato Partners, the University Venture Fund, as well as Foundation Capital, Frazier Technology Ventures, Thomas Weisel Partners, and vSpring Capital. The firm said the funding would go to development of its energy management systems and home energy displays, along with its sales channel. More information »