Palo Alto-Based iControl Networks Raises $5 Million in First Round

Palo Alto, Calif. -- iControl Networks, a Palo Alto-based provider of remote monitoring software and services, said on Wednesday that it has secured $5 million in its first round of funding, led by Charles River Ventures. Intel Capital also participated. "The proceeds from this round will help fuel our sales and channel expansion plans, fund new product development, and allow us to make additional investments in our engineering and corporate infrastructure," said Reza Raji, the president and CEO of iControl Networks. The company's software and services help people remotely monitor what's happening at their home or office when they can't be there.
http://www.icontrol.com/4_26_06_pressrelease.html