Mount Horeb firm secures $1.8M bid to prevent unexpected, life-altering events.
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Should there suddenly be a spike in humidity level due to a leaking faucet or basement flooding, a text would be sent to the owner, who could instantly discern which room was involved and how quickly the leak was progressing. Alerts vary based on severity level.
Firefighters en route to a house fire would know exactly where a fire started, how quickly it was progressing, and where people were located within the building. Before even arriving on scene, they could be preparing a more calculated and safer plan of attack.
“It’s not that firefighters will get to a fire faster,” Parent clarifies, “but they’ll get there better prepared. We look at this as disruptive technology and a game-changer. At the end of the day it’s still an alarm. We’re just providing a lot more information.”
The company is testing the system in several businesses and has received positive feedback from fire departments and the insurance industry, in particular, because of its potential to help reduce loss of life, home, business, or property.
In its first funding round, oneEvent Technologies secured $1.8 million in new capital that it’s using to bolster its engineering staff, which, incidentally, includes many former Epic engineers.
Currently, the company employs 13 people, and operates — in true startup fashion — out of the basement of a Mount Horeb building.
“The rent is right and we owe it to our investors to operate lean and mean,” notes Parent. The company’s entire focus is now on commercializing the technology in 2016.
“One event can change your life,” Wedig cautions. “If you can prevent that one event so you don’t lose a family member or photos, a home, or a business, that’s pretty powerful stuff.”
608.577.2150 | oneeventtechnologies.com
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