LEDCity secured CHF 2 million.
LEDCity, a Zurich, Switzerland-based producer of autonomous lighting systems, announced completing a CHF 2M ($2.1M) capital funding round.
The money was raised from local investors from Switzerland, including angel investors via SICTIC.
LEDCity, founded in 2017 by CEO Patrik Deuss, specialized in the field of intelligent lighting solutions as it manufactures smart plug and play lighting system capable of reducing energy consumption by 90%. The product uses software in order to control the light autonomously and dynamically, meaning that rooms are only lit when it actually makes sense.