(Screenshot via YouTube)
Bright and early on Wednesday, the company said the funds will go toward building out a national footprint and speeding up research and development. With this round, Nucleus, which makes a home intercom system, now racks up a total war chest of $10 million.
— TechCrunch (@TechCrunch) September 21, 2016
“It’s incredible to receive this level of support in such a short period of time,” said Jonathan Frankel, the Lower Merion-based cofounder and CEO of Nucleus. “It speaks to the importance of our shared vision: Bringing families closer together with ease and convenience through world-class technology.”
News of the big raise came coupled with the announcement of an acquisition: on Wednesday Nucleus bought Insensi, a New York-based company that makes a family communication system called Ily.
Though Insensi cofounder Ilan Abehassera will not be coming along for the ride, he did say most of the startup’s staff of 15 will be joining Nucleus.
— ilan abehassera (@ilan) September 21, 2016
When we last caught up with Jonathan Frankel — back in October 2015 — he had announced a considerable raise of $1.5 million from Foxconn (you know, the company that makes your iPhone). Back then he said his team — spread across the globe — communicated via Nucleus.
Looks like it’s time to add a few more screens to that setup.-30-
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