Outcome Capital Secures Growth Capital for Whisker Labs
Outcome Capital, an investment banking firm that serves middle market growth companies in the technology and life sciences space, is pleased to announce that Whisker Labs, Inc. (the “Company”) has secured growth capital from State Farm Ventures and Ferguson Ventures along with the Company’s existing investors to accelerate the development and distribution of the Company’s Ting™ sensing technology. Outcome Capital provided exclusive financial advisory services to the Company.
Based in Germantown, MD, Whisker Labs develops sensing and software technology for home intelligence. The Company’s Ting™ product is a smart-sensor that monitors a home’s electrical network. Plugged into any outlet in the home, Ting™ detects damaged wires, loose connections and faulty appliances. In addition to fire safety, Ting™ provides meaningful information to homeowners on conditions and events of high relevance, such as power outages, weather warnings and even notifications that their HVAC or other essential appliances may be about to fail.
“Outcome Capital did an outstanding job structuring this important capital round for our company. It was the second mandate we entrusted to Outcome Capital this year and both were highly successful,” said Bob Marshall, CEO of Whisker Labs. “This funding lets us continue our mission of protecting families and homes from electrical fires and realize our vision for Ting™ as a “fitness tracker for the home.”
About Outcome Capital
Outcome Capital is a unique investment banking firm that provides middle-market growth companies in the technology, aerospace & defense, government services, life sciences, and healthcare services markets with a value-added client-centric approach to merger, acquisition and corporate finance advisory services. The firm utilizes its proven approach to value enhancement by assisting boards and management teams in navigating both the financial and strategic markets and in implementing the best path for success. Outcome Capital’s strength stems from its unique ability to draw on its wide range of operational, strategic and transactional experience, its expertise across the value chain, and its broad industry relationships. The professionals at Outcome Capital take pride in their ability to help their clients to make well-informed strategic decisions and recognize the full value created by their vision.
Whisker Labs is passionate about developing smarter solutions to hard problems, leveraging expertise in signal processing, machine learning, and artificial intelligence. Whisker Labs is leading the next wave in fire prevention technology with Ting™, an intelligent sensor that monitors a home’s electrical network to detect electrical hazards that often lead to the most devastating and catastrophic fires. Our Ting™ Fire Operations Team coordinates a national network of independent licensed electricians to assess and mitigate risks identified by Ting™. While on the job preventing fires, Ting™ serves an expanding role as a fitness tracker for the home, smartly monitoring and alerting homeowners to meaningful events that impact everyday life. For more information, visit: www.tingfire.com.