German Startup Yetu Raises $8 Million To Create Open Standards For Smart Homes

TechCrunch

Yetu AG (not to be confused with Yeti ARGGHH!) has raised $8 million in Series A capital from Bilfinger Venture Capital and KfW. The company, which appeared at Disrupt in Berlin, aims to connect all in-home devices using the same standard, creating a sort of full-home operating system.

Founded by a Deutsche Telekom Chief Product & Innovation Officer, Christopher Schläffer, the company is beginning by creating a simple smart home platform for end users and will then move on to the commercial segment of the market.

Schläffer doesn’t want to retrofit the average home. Instead, he wants to scrape the data available and use it in novel ways.

“We use web apps which work irrespective of operating system on any screen at home,” he said. “We are not using sensors or actors for smart home applications but rely on algorithms and big data in order to gather information and…

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