Amazon's ambition to enter smart home is well known. Now, the company is further investing in real estate start-ups.
Amazon said Tuesday that its Alexa fund has invested in Plant Prefab of southern California. The company says it uses sustainable building processes and materials to build prefabricated single and multi family homes. The goal of the start-up is to use automation to build houses faster and reduce costs.
This is the first time Amazon and Alexa fund have entered the field. This fund has invested in start-ups specializing in voice technology. Amazon has launched more than a dozen smart home devices, including microwave ovens, controlled by Alexa's voice. Earlier this year, Amazon bought Ring, the smart doorbell maker. According to media reports, the company is developing a secret household robot.
According to market research firm Zion, the smart home market is expected to grow to $53 billion by 2022.
"Voice has become a delightful technology in the home, and more than 3,500 different brands of devices are compatible with Alexa, with more than 20,000 devices," Paul Bernard, director of Alexa Fund, said in a statement Tuesday. We're happy to be able to support Plant Prefab because they make it easier for customers and developers to access sustainable networked smart homes.
In the current round of financing, the financing amount of Plant Prefab is US $6 million 700 thousand. Investors include the Alexa fund and the Obvious Ventures created by twitter co founder Ev Williams.
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