Xerys and Sevenhugs

Leader in innovative Smart Home solutions, Sevenhugs has raised an additional $9 million from Xerys Capital




San Francisco, CA, December 11th, 2019 – Sevenhugs, Inc. (sevenhugs.com) 



After a first round of $1.7M and a second of $14.6M from Xerys Capital, the Paris Region Venture Fund, managed by CapDecisif Management, NovX (the Noveo Group’s investment vehicle) and various business angels, Sevenhugs has raised an additional $9M from Xerys Capital in order to further develop and distribute their smart home solutions both in the US and globally.


 

In 2018, Sevenhugs successfully launched the world’s first remote control with a precise indoor positioning system. Using Ultra-Wide Band (UWB) technology, Sevenhugs’ spatial awareness technology offers contextual and intuitive control of devices and services within the digital home (TV, music, smart home devices and streaming services).


 

With Smart Remote, Sevenhugs offered a unique solution to a two-fold challenge:


 

1/ Simplifying the interaction between the user and the digital home to make it more intuitive. Thanks to Sevenhugs’ contextual “point & control” technology – Smart Remote’s touchscreen automatically adapts to any device it’s being pointed at: Simply point Smart Remote at the device you wish to control, and the right display will automatically appear. 

2/ Unifying the experience of entertainment and smart home devices within a single platform. Smart Remote has the ability to control more than 650,000 products.


 


Smart Remote was successfully launched in 2018 online at Bestbuy.com and on the company’s own website. Following successful sales, Sevenhugs entered into an exclusive distribution agreement with Best Buy in 2019 regarding Smart Remote U which is now retailed in all 1,000 Best Buy stores, covering the entire US territory.



Smart Remote has received more than 20 prestigious international awards, among those the Red Dot Design Award and the iF DESIGN AWARD. Smart Remote is also on display and sold at the prestigious Museum of Modern Art (MOMA) in New York City.


 





Furthermore, Sevenhugs is strengthening its executive team in research and development in the areas of artificial intelligence and cloud platforms with the recent appointment of Julien Colafrancesco as the company’s Chief Technology Officer (CTO) and the hiring of Baptiste Daroussin for the position of VP Engineering:





  • Since 2015, Julien Colafrancesco has been in charge of all developments linked with artificial intelligence and indoor positioning technology via Ultra-Wide Band (UWB), currently being used in the heart of Smart Remote. He has also contributed to the filing of Sevenhugs’ 26 patents. Before joining Sevenhugs, Julien occupied the role of Chief Scientific Officer at Weezic (acquired in 2014 by SmartMusic);


  • Baptiste Daroussin, has more than 15 years of experience in the development and deployment of large-scale cloud infrastructures and brings his strategic skills to Sevenhugs. Before joining Sevenhugs, Baptiste was Head of Operations at Veepee (Vente Privée) and CTO at Gandi.





To reinforce their ambitious roadmap, Sevenhugs has grown its team to 35 engineers, 5 of whom specialize in artificial intelligence and are developing the innovations of tomorrow.
 



“Smart Home is in the process of becoming a mass market. There are already half a billion smart devices in US households and more than 50% of American homes already have a smart home product,” affirms Simon Tchedikian, Founder and CEO of Sevenhugs, adding, “we are now getting requests from large groups and brands from across the world regarding our innovative solutions. We are extremely positive in regards to commercial prospects for 2020.”
 



Michael Schulhof, the former Sony President for the US and Sevenhugs’s Board member representing Xerys states: “Sevenhugs has succeeded, thanks to the design of an innovative technological product, and for taking up a first-rank position in the smart home space. Our objective is to accelerate its development with regard to the market’s tremendous growth potential.”


 
Dominique Lempereur-Babeanu, Sevenhugs’s Board member representing Xerys proclaims: “I am happy to reiterate the trust and support from Xerys Capital, which has helped the company’s development since the spring of 2016. The contract offered by Best Buy in the US is a unique opportunity for Sevenhugs and terrific recognition of the creativity and the spirit of the company.”




CES Logo

Sevenhugs will be attending the Consumer Electronics Show (CES) in Las Vegas this January (2020) to share its latest innovations with strategic partners and distributors. If you wish to gain more information on Sevenhugs’s solutions or make contact with the sales and business development teams, please contact: partners@sevenhugs.com








For press relations: press@sevenhugs.com










About Sevenhugs:



Sevenhugs specializes in the design of technological and innovative solutions that simplify the increasingly complex and fragmented digital home. Sevenhugs’ vision is to advance the way we interact with technology in order to fuel adoption and engagement. It was founded in 2014 by four consumer electronic experts with more than 20 years experience in semiconductors and mobile telecommunications.



Sevenhugs launched Smart Remote into the US market in 2018 and has been awarded more than 20 prestigious awards. Smart Remote is the first consumer electronics product in the world to integrate an ultra-precise indoor positioning technology. Sevenhugs’ technologies are protected by more than 26 international patents, 3 of which have already been delivered.
Sevenhugs has grown to become an international company of 45 employees, whose research, development and artificial intelligence center is located in Paris, France, its Sales and Marketing division in San Francisco and production line in China.



Sevenhugs was honored to receive an award at the Innovation Contest in February 2019, in the Deep Tech Digital category, sponsored by the French National Investment Bank, BPI France (www.bpifrance.fr). Sevenhugs was also awarded at the Digital Innovation Contest in 2017 and became the most acclaimed company at CES 2017 in Las Vegas, NV. They lifted more than 11 awards, among those the highly prestigious BEST OF INNOVATION – CES DESIGN AWARD in the “Smart Home” category. The company also received the Seal of Excellence in 2017 from the European Commission in recognition of the company’s extremely high innovation potential.



Contact:

Simon Tchedikian, Founder and CEO

Stéphane Jaubertou, Founder and COO

To find out more: www.sevenhugs.comcontact@sevenhugs.com – @sevenhugs_inc








About Xerys:



Xerys Gestion is a portfolio management company specializing in private equity that puts the business project at the heart of its investment philosophy, in order to support the management of investments in all stages of the growth of their business, from venture capital to maturity. The Xerys Funds invest between 10 and 60 million euro in innovative companies in the healthcare, sustainable development and connected technologies sectors.



Contact:
Olivier Ossipoff, President

olivier.ossipoff@xerys.com

To find out more: www.xerys.com




Leader in innovative Smart Home solutions, Sevenhugs has raised an additional $9 million from Xerys Capital

Xerys and Sevenhugs

Leader in innovative Smart Home solutions, Sevenhugs has raised an additional $9 million from Xerys Capital


San Francisco, CA, December 11th, 2019 – Sevenhugs, Inc. (sevenhugs.com) 

After a first round of $1.7M and a second of $14.6M from Xerys Capital, the Paris Region Venture Fund, managed by CapDecisif Management, NovX (the Noveo Group’s investment vehicle) and various business angels, Sevenhugs has raised an additional $9M from Xerys Capital in order to further develop and distribute their smart home solutions both in the US and globally.

 

In 2018, Sevenhugs successfully launched the world’s first remote control with a precise indoor positioning system. Using Ultra-Wide Band (UWB) technology, Sevenhugs’ spatial awareness technology offers contextual and intuitive control of devices and services within the digital home (TV, music, smart home devices and streaming services).

 

With Smart Remote, Sevenhugs offered a unique solution to a two-fold challenge:

 

1/ Simplifying the interaction between the user and the digital home to make it more intuitive. Thanks to Sevenhugs’ contextual “point & control” technology – Smart Remote’s touchscreen automatically adapts to any device it’s being pointed at: Simply point Smart Remote at the device you wish to control, and the right display will automatically appear. 
2/ Unifying the experience of entertainment and smart home devices within a single platform. Smart Remote has the ability to control more than 650,000 products.

 

Smart Remote was successfully launched in 2018 online at Bestbuy.com and on the company’s own website. Following successful sales, Sevenhugs entered into an exclusive distribution agreement with Best Buy in 2019 regarding Smart Remote U which is now retailed in all 1,000 Best Buy stores, covering the entire US territory.

Smart Remote has received more than 20 prestigious international awards, among those the Red Dot Design Award and the iF DESIGN AWARD. Smart Remote is also on display and sold at the prestigious Museum of Modern Art (MOMA) in New York City.

 

Furthermore, Sevenhugs is strengthening its executive team in research and development in the areas of artificial intelligence and cloud platforms with the recent appointment of Julien Colafrancesco as the company’s Chief Technology Officer (CTO) and the hiring of Baptiste Daroussin for the position of VP Engineering:

  • Since 2015, Julien Colafrancesco has been in charge of all developments linked with artificial intelligence and indoor positioning technology via Ultra-Wide Band (UWB), currently being used in the heart of Smart Remote. He has also contributed to the filing of Sevenhugs’ 26 patents. Before joining Sevenhugs, Julien occupied the role of Chief Scientific Officer at Weezic (acquired in 2014 by SmartMusic);

  • Baptiste Daroussin, has more than 15 years of experience in the development and deployment of large-scale cloud infrastructures and brings his strategic skills to Sevenhugs. Before joining Sevenhugs, Baptiste was Head of Operations at Veepee (Vente Privée) and CTO at Gandi.

To reinforce their ambitious roadmap, Sevenhugs has grown its team to 35 engineers, 5 of whom specialize in artificial intelligence and are developing the innovations of tomorrow.  

“Smart Home is in the process of becoming a mass market. There are already half a billion smart devices in US households and more than 50% of American homes already have a smart home product,” affirms Simon Tchedikian, Founder and CEO of Sevenhugs, adding, “we are now getting requests from large groups and brands from across the world regarding our innovative solutions. We are extremely positive in regards to commercial prospects for 2020.”  

Michael Schulhof, the former Sony President for the US and Sevenhugs’s Board member representing Xerys states: “Sevenhugs has succeeded, thanks to the design of an innovative technological product, and for taking up a first-rank position in the smart home space. Our objective is to accelerate its development with regard to the market’s tremendous growth potential.”

  Dominique Lempereur-Babeanu, Sevenhugs’s Board member representing Xerys proclaims: “I am happy to reiterate the trust and support from Xerys Capital, which has helped the company’s development since the spring of 2016. The contract offered by Best Buy in the US is a unique opportunity for Sevenhugs and terrific recognition of the creativity and the spirit of the company.”

CES Logo

Sevenhugs will be attending the Consumer Electronics Show (CES) in Las Vegas this January (2020) to share its latest innovations with strategic partners and distributors. If you wish to gain more information on Sevenhugs’s solutions or make contact with the sales and business development teams, please contact: partners@sevenhugs.com



For press relations: press@sevenhugs.com





About Sevenhugs:

Sevenhugs specializes in the design of technological and innovative solutions that simplify the increasingly complex and fragmented digital home. Sevenhugs’ vision is to advance the way we interact with technology in order to fuel adoption and engagement. It was founded in 2014 by four consumer electronic experts with more than 20 years experience in semiconductors and mobile telecommunications.

Sevenhugs launched Smart Remote into the US market in 2018 and has been awarded more than 20 prestigious awards. Smart Remote is the first consumer electronics product in the world to integrate an ultra-precise indoor positioning technology. Sevenhugs’ technologies are protected by more than 26 international patents, 3 of which have already been delivered. Sevenhugs has grown to become an international company of 45 employees, whose research, development and artificial intelligence center is located in Paris, France, its Sales and Marketing division in San Francisco and production line in China.

Sevenhugs was honored to receive an award at the Innovation Contest in February 2019, in the Deep Tech Digital category, sponsored by the French National Investment Bank, BPI France (www.bpifrance.fr). Sevenhugs was also awarded at the Digital Innovation Contest in 2017 and became the most acclaimed company at CES 2017 in Las Vegas, NV. They lifted more than 11 awards, among those the highly prestigious BEST OF INNOVATION – CES DESIGN AWARD in the “Smart Home” category. The company also received the Seal of Excellence in 2017 from the European Commission in recognition of the company’s extremely high innovation potential.

Contact:
Simon Tchedikian, Founder and CEO
Stéphane Jaubertou, Founder and COO
To find out more: www.sevenhugs.comcontact@sevenhugs.com – @sevenhugs_inc




About Xerys:

Xerys Gestion is a portfolio management company specializing in private equity that puts the business project at the heart of its investment philosophy, in order to support the management of investments in all stages of the growth of their business, from venture capital to maturity. The Xerys Funds invest between 10 and 60 million euro in innovative companies in the healthcare, sustainable development and connected technologies sectors.

Contact:
olivier.ossipoff@xerys.com
To find out more: www.xerys.com

Sevenhugs’ Smart Remote awarded again, taking iF Design Award

Sevenhugs claims iF Design Award for Smart Remote

Discipline: Product

Sevenhugs has developed and patented the world’s easiest to use universal remote control. Smart Remote is the first remote control with contextual awareness and the first consumer product in history with an indoor positioning system. When you point Smart Remote at any device – TVs, media players, lights, speakers, thermostats, fans, window blinds, and more – it automatically displays a simple touchscreen interface to control the device you’re pointing at. Smart Remote eliminates the need to use multiple remotes and apps and makes it incredibly easy for anyone to use all of the entertainment and technology products you have at home.

About iF World Design Guide

Each year, iF International Forum Design GmbH organizes one of the world’s most celebrated and valued design competitions: the iF DESIGN AWARD. Recognized as a symbol of design excellence around the world, the iF DESIGN AWARD welcomes over 5,000 submissions from 70 countries every year.

About Sevenhugs

Sevenhugs is a venture-backed startup and the maker of the award-winning Smart Remote, the world’s smartest and easiest to use remote control. Smart Remote unifies control of your entertainment and smart home and makes it easy for anyone to control all of the technology available in a home. Smart Remote won best new product in the smart home category at CES and also won the Red Dot and iF Design Awards.

Source : https://ifworlddesignguide.com/entry/229115-sevenhugs-smart-remote

2018 Red Dot Award: Another Triumph for Sevenhugs Smart Remote

2018 Red Dot Award: Another Triumph for Sevenhugs Smart Remote

Sevenhugs won its first Red Dot Award for its groundbreaking product Smart Remote. The international jury of design experts awarded Smart Remote with a prestigious product design award, praising the remote for its pioneering design and functionality.

Statement by the Jury

“The highly intelligent menu concept of the Smart Remote implies a considerable simplification for the user in high-tech daily life.”

About Red Dot Award

Founded in 1955, the Red Dot Award is one of the most respected international design competitions in the world and organized by the Design Zentrum Nordrhein Westfalen in Essen, Germany. Honoring a select group of products out of the thousands entered each year, Red Dot winners are chosen by a judging panel comprised of 40 expert independent designers, design professors and trade journalists from all over the world.

About Sevenhugs

Sevenhugs is a venture-backed startup and the maker of the award-winning Smart Remote, the world’s smartest and easiest to use remote control. Smart Remote unifies control of your entertainment and smart home and makes it easy for anyone to control all of the technology available in a home. Smart Remote won best new product in the smart home category at CES and also won the Red Dot and iF Design Awards.

Source : https://www.red-dot.org/project/sevenhugs-smart-remote-24608/

Sevenhugs Acquires National Distribution from Best Buy for New Line of Innovative Smart Remotes

Sevenhugs Acquires National Distribution from Best Buy for New Line of Innovative Smart Remotes

Best Buy selects Smart Remote for new in-store interactive display, offering customers a hands-on experience with new Smart Remote U and X 

SAN FRANCISCO, Calif. – July 29, 2019 – Sevenhugs, a company creating solutions to unify the digital home, has announced together with Best Buy its latest line of universal smart remotes to control your entertainment and smart home, the Smart Remote U and Smart Remote X, available today at Best Buy stores nationwide and BestBuy.com (NYSE: BBY). The Smart Remote U is available for purchase at all store locations and BestBuy.com for $199.99. The Smart Remote X with Point Mode, the world’s first and only remote control that leverages Contextual Awareness, is available for purchase in select Best Buy stores and BestBuy.com for $299.99.

Sevenhugs launched its first concept for Smart Remote on Kickstarter in 2016, quickly acquiring over $1M in consumer backing, well surpassing the brand’s initial $50k funding goal. The original Smart Remote was delivered to backers and sold on BestBuy.com in late 2018. Smart Remote has been awarded the CES Best of Innovation Award in 2017, the 2018 Red Dot Design Award and the iF Design Award in 2018. 

“At Sevenhugs, our vision has always been to provide a unified, seamless experience and bring control back to the user through a single, powerful device,” said Simon Tchedikian, founder and CEO of Sevenhugs. “Together with Best Buy, we are bringing this experience to the masses, helping close the gap between smart devices and apps in today’s fragmented digital space that we call the modern home.”

The modern home is becoming more connected and quite complex. Sevenhugs simplifies home control and allows for everybody to enjoy the technology that surrounds them, allowing users to spend less time figuring out complicated controls for all their devices and more time to connect with each other through accessible and intuitive smart remotes.

Smart Remote U and Smart Remote X are compatible with over 650,000 entertainment and smart home devices from TVs, Bluetooth speakers, audio receivers and smart plugs to Spotify Connect, Apple TV, Roku, Amazon TV and more. Both remotes use infrared, Wi-Fi and Bluetooth technology giving users endless ways to connect with their home tech.  

The Smart Remote X, available in Black or White, and Smart Remote U, available in Black, both feature a sleek, award-winning design with modern finish that fits perfectly in the palm of a user’s hand. 

About Sevenhugs

Sevenhugs builds solutions that simplify the increasingly complex modern home. In 2018, Sevenhugs launched Smart Remote, the world’s first universal remote with contextual awareness. Smart Remote paired with the Sevenhugs Home Platform offers an easy and intuitive way to control your TV, Music, Lights and Home through a single adaptive interface. Sevenhugs aims to create a world of unification, unlocking new digital experiences and improving the way we interact with all of our connected products and services.

About Best Buy

With fiscal year 2018 sales of $42.15B, Best Buy Co., Inc. is a FORTUNE® 100 company with more than 1,000 stores in the United States, Canada, Mexico and Puerto Rico. Founded in 1966 and based in Richfield, Minnesota, Best Buy is the largest specialty retailer of consumer electronics products in the US. For more information, visit bestbuy.com.

Media Contacts
Claire Rocawich
Max Borges Agency
sevenhugs@maxborgesagency.com 
305-374-4404 ext. 110

Sevenhugs Home Platform Simplifies the Modern Home with New Line of Smart Remotes

Sevenhugs Home Platform Simplifies the Modern Home with New Line of Smart Remotes

Easily access entertainment and smart home devices seamlessly with a single remote.  

SAN FRANCISCO, Calif. – July 29, 2019 – Sevenhugs, a company creating solutions to unify the digital home, has announced its latest line of smart remotes, the Smart Remote U and Smart Remote X, available today. Sevenhugs emerged from its successful Kickstarter campaign in 2016 where it acquired over $1M in backing after introducing concepts for Smart Remote and its innovative platform, unifying home technology within a single adaptive interface. With national retail and online distribution secured for both new models, Sevenhugs aims to dramatically simplify the modern home and end fragmentation caused by the increased number of systems required to control connected products and services. Both remotes are compatible with hundreds of thousands of infrared, Wi-Fi and Bluetooth enabled devices to finally bridge the gap between entertainment, smart home devices and on-demand services with one central solution.

“Our homes are becoming increasingly more digitized. The way we live, eat, shop and consume entertainment is different than just five years ago, and it has transformed our traditional homes into fragmented digital spaces,” said Simon Tchedikian, CEO and Co-Founder of Sevenhugs. “Our smart remotes were created to bridge the gap between devices and apps to provide a unified, seamless experience and bring control back to the user through a single, powerful device.”

Smart Remote U and Smart Remote X are compatible with over 650,000 entertainment and smart home devices from TVs, Bluetooth speakers, audio receivers and smart plugs to Spotify Connect, Apple TV, Roku, Amazon TV and more. Both remotes use infrared, Wi-Fi and Bluetooth technology giving users endless ways to connect with their home tech.

The Smart Remote X is the world’s first and only remote control that leverages Contextual Awareness. Consumers can use Sevenhugs’ Point Mode feature to automatically display the right controls for any device by simply pointing at it. By using a precise indoor-positioning system, the Smart Remote X has the unique ability to know where every device in a room is physically located.

Using an intuitive touchscreen and an adaptive, patented UI, both smart remotes make it easy to navigate across several devices with a simple swipe so everyone in the home can easily access and enjoy the technology around them. Consumers can easily set up multiple Sevenhugs Smart Remotes, configure new devices and personalize their Smart Remote with custom user interfaces using the Smart Remote app for iOS and Android. For users looking to combine devices and services together, the Smart Remote app also allows them to configure TV and Home scenes for control of multiple AV and smart home devices with a single tap. All these features allow users to spend less time figuring out complicated controls and more time to connect with each other.

The Smart Remote X, available in Black or White, and Smart Remote U, available in Black, both feature a sleek, award-winning design with modern finish that fits perfectly in the palm of a user’s hand.

  • Smart Remote U and Smart Remote X Features
  • Unified TV and Smart Home Control
  • Compatible with over 650,000 devices
  • Wi-Fi, Bluetooth, and infrared control
  • Control up to 80 devices (20 infrared) with a single remote
  • One-touch automation (TV Scenes and Home Scenes)
  • Fully customizable control screens
  • Infrared learning
  • Smart Remote X only: Point Mode experience and indoor positioning system

Availability and Pricing

The Smart Remote X with Point Mode is available for purchase on Sevenhugs.com and Best Buy (in select stores and online) for $299.99. The Smart Remote U is also available for purchase on Sevenhugs.com and at all U.S. Best Buy locations and BestBuy.com for $199.99. Sevenhugs smart remotes will also be available through Amazon in the coming months. For more information, please visit www.sevenhugs.com.

About Sevenhugs

Sevenhugs builds solutions that simplify the increasingly complex modern home. In 2018, Sevenhugs launched Smart Remote, the world’s first universal remote with contextual awareness. Smart Remote paired with the Sevenhugs Home Platform offers an easy and intuitive way to control your TV, Music, Lights and Home through a single adaptive interface. Sevenhugs aims to create a world of unification, unlocking new digital experiences and improving the way we interact with all of our connected products and services.

Media Contact

Claire Rocawich
Max Borges Agency
sevenhugs@maxborgesagency.com
305-374-4404 ext. 110

Sevenhugs Smart Remote Skyrockets to $1 Million in Pre-Orders

Over 5,800 Kickstarter backers support the first remote control for everything, proving market demand for smart home simplification and unification

SAN FRANCISCO—December 14, 2016. Sevenhugs announces reaching $1 million in Smart Remote pre-orders on Kickstarter. Awarded the most innovative product in the CES 2017 Smart Home category, Smart Remote allows users to control any device simply by pointing at it. “We’re excited and honored by the support of the Kickstarter community to help us reach our initial goal of $50K in record time and then quickly accelerate to over $1 million,” says Simon Tchedikian, Sevenhugs’ co-founder and CEO. “For years, we’ve anticipated the digital home becoming a reality, but we also recognized that there would be an issue with the integration of multiple devices due to proprietary software,” continues Tchedikian. “We knew we could build a solution to the fragmentation problem, but it also needed to be simple and user-friendly, coupled with easily connecting to any device. After two years of development, we achieved our vision with Smart Remote and are so excited to see such an impressive response from the market.” Sevenhugs’ patent-pending point and control technology enables Smart Remote’s screen to adapt automatically to any device. When a user points at a device, Smart Remote instantly displays custom controls to operate that particular device. Smart Remote unifies the control of your connected home experience.
  • Broad Compatibility: Smart Remote works with more than 25,000 devices through Wi- Fi, Bluetooth or Infrared, including Samsung Smart TVs, Philips Hue and LIFX smart bulbs, Sonos speakers, Nest Learning Thermostat, and many more.
  • Patent-Pending Innovation: Sevenhugs’ patent-pending point and control technology enables Smart Remote’s screen to adapt instantly to any device and display intuitive touch-screen controls customized for each device you point at.
  • Powerful Technology: Smart Remote is the first consumer product to combine motion tracking sensors and an indoor positioning system. It allows users to control their devices naturally and intuitively—simply by pointing at them.
  • Instant Access to Services: Smart Remote allows you to instantly access popular services like Uber. Order a ride by pointing Smart Remote at your front door or check the weather forecast by pointing at your window.
  • Elegant & Thoughtful Design: Designed in collaboration with one of the most iconic and awarded French designers, Pierre Garner of Elium Studio, Smart Remote’s design is beautiful, sleek and intuitive.
  • Personalized Control: Smart Remote lets you create custom scenes and control multiple devices at the same time. For example, you can create a movie watching scene that automatically dims the lights when turn on the TV. Smart Remote also lets you group lights together to control all at once.
  • Unlimited Possibilities: Sevenhugs offers an open API and an extensive SDK to support continuous expansion of Smart Remote’s features and services by developers.
Sevenhugs’ Kickstarter backers will receive Smart Remote starting in June ’17 before Smart Remote becomes available at select retailers in Fall ‘17 for $299.99. About Sevenhugs Sevenhugs creates connected home products and services designed to simplify the smart home experience. Our goal is to reinvent the way people interact with technology at home by creating devices that are simple and intuitive to use. Based in San Francisco and Paris, Sevenhugs was founded in 2014 by Simon Tchedikian, Stéphane Jaubertou, Lionel Marty, and Olivier Mandine. Sevenhugs raised more than $14M in a recent Series A. For more information about Sevenhugs and Smart Remote, please visit sevenhugs.com or follow the company on Facebook and Twitter. Contact: press@sevenhugs.com

Sevenhugs Launches Breakthrough Smart Remote

Meet the only remote you’ll ever need: Magically control your TV, lights and music and even order an Uber in the most simple and intuitive way

SAN FRANCISCO—November 10, 2016. Sevenhugs announces the launch of Smart Remote on Kickstarter, allowing users to control any device simply by pointing at it. Sevenhugs’ patent-pending point and control technology enables Smart Remote’s screen to adapt automatically to any device. When a user points at a device, Smart Remote instantly displays custom controls to operate that particular device as intuitively as possible. Compatible devices include Samsung Smart TVs, Philips Hue lights, Sonos speakers, Nest Learning Thermostat and many more. “Customers today are frustrated that every device requires its own app or controller, which leads to clutter, confusion and wasted time,” says Simon Tchedikian, Sevenhugs’ Co-founder and CEO. “We’ve pushed the boundaries of today’s technologies to build a better solution. For the first time in history, we’ve integrated a precise indoor positioning system in a consumer electronic device, allowing users to control tens of thousands of connected devices in a simple and intuitive way. All you have to do is point at what you want to control.” Smart Remote unifies the control of your connected home experience:
  • Broad Compatibility:​ Smart Remote works with more than 25,000 devices through Wi-Fi, Bluetooth or Infrared, including Samsung Smart TVs, Philips Hue lights, Sonos speakers, Nest Learning Thermostat and many more.
  • Patent-Pending Innovation:​ Sevenhugs’ patent-pending point and control technology enables Smart Remote’s screen to adapt instantly to any device and display intuitive touch-screen controls customized for each device you point at.
  • Powerful Technology:​ Smart Remote is the first consumer product to combine motion tracking sensors and an indoor positioning system. It allows users to control their devices naturally and intuitively—simply by pointing at them.
  • Instant Access to Services: ​Smart Remote allows you to instantly access ​popular services like Uber. Order a ride by pointing your Smart Remote at your front door or check the weather forecast by pointing at your window.
  • Elegant & Thoughtful Design:​ Designed in collaboration with one of the most iconic and awarded French designers, Pierre Garner of Elium Studio, Smart Remote’s design is beautiful, sleek and intuitive.
  • Predictive Personalization: ​Smart Remote learns your habits, allowing it to predict your actions and create personalized scenes, such as automatically dimming your lights when you turn on your TV.
  • Unlimited Possibilities:​ Sevenhugs offers an open API and an extensive SDK to support continuous expansion of Smart Remote’s features and services by developers.
Tchedikian adds, “We truly embrace the passion of the Kickstarter community and know that it’s the perfect venue for an innovative product like the Sevenhugs Smart Remote. We want our backers to help us build the perfect universal remote control and influence the development of what we view as their product. Now, with the help of the Kickstarter community, we’re excited to put the finishing touches on the world’s first truly smart remote.” Sevenhugs’ Kickstarter campaign goal for Smart Remote is $50,000. Early-bird Kickstarter pricing starts at $99.99 and its first backers will receive Smart Remote in June ’17. Smart Remote will be available at select retailers in Fall ‘17 for $299.99. About Sevenhugs Sevenhugs creates connected home products and services designed to simplify the smart home experience. Our goal is to reinvent the way that people interact with technology at home by creating devices that are simple and intuitive to use. Our line of products includes hugOne, the first connected solution that helps the entire family sleep better, and the Sevenhugs Smart Remote. Based in San Francisco and Paris, Sevenhugs was founded in 2014 by Simon Tchedikian, Stéphane Jaubertou, Lionel Marty, and Olivier Mandine. To date, Sevenhugs raised more than $14M in a recent Series A. For more information about Sevenhugs and Smart Remote, please visit sevenhugs.com or follow the company on Facebook and Twitter. Contact: press@sevenhugs.com

Sevenhugs Announces $14.6M Series A Funding

Sevenhugs’ investment strengthens its presence in the IoT ecosystem and broadens its reach into the U.S.

PARIS and SAN FRANCISCO – June 22, 2016 – Sevenhugs, creator of connected home products, today announced the strategic opening of its San Francisco office where the executive team will be overseeing global operations and product development. The new office brings Sevenhugs closer to partners and provides opportunities to solidify its network to further grow its business. Additionally, Sevenhugs has completed a $14.6M (13M euros) Series A funding round that will focus significantly on building the team and investing in product development. Sevenhugs has received a total of $17.5M in funding. “We are very pleased to partner with investors who share our vision,” said Simon Tchedikian, CEO and co-founder of Sevenhugs. “Gartner Research predicts that by 2020, there will be approximately 25 billion IoT-enabled devices, of which millions will likely be automating our homes. Our goal from the beginning has simply been to provide smart home solutions focused on the user-experience. From our intuitive hugOne sleep monitor to our next-gen, universal Smart Remote, we are dedicated to making home technology accessible. We value the expertise and support of our investors as we work together to accelerate the expansion of Sevenhugs.” High-growth investment firm Xerys Gestion led this current round of funding, which was supported by existing investors who have also reiterated their confidence in Sevenhugs solutions for making smart home products accessible and user-friendly for everyone sharing the technologies. “We first focus on founders with vision and talent – a combination that we know will result in success,” said Jacques Simonnet, President of Xerys Gestion. “I’ve been impressed by how quickly this highly-effective team brought to market the hugOne. It was shipped to retailers only eight months after the seed round. Our investment will allow for the continued elevation of such amazing products. As a company with global potential, unique technology, and a quality team, investing in Sevenhugs is fully in line with our strategy.” Sevenhugs will use its latest round of funding to:
  • Broaden the global launch of the hugOne to the U.S. The hugOne is a sleep monitor that tracks sleep patterns to help families consistently rest better by capturing temperature, humidity, and air quality. It pairs with other smart home technologies such as Nest and Phillips Hue.
  • Accelerate the development of the soon-to-launch intelligent Smart Remote, a universal control center for all home technologies. This product will seamlessly unify the connected home and enhance the user-experience with its simplicity.
  • Expand its U.S. footprint with retail sales channels and bolster partnerships with key players in the smart home landscape.
  • Increase hiring of team members in the U.S. and France.
For more information about Sevenhugs, visit http://sevenhugs.com or follow the company on Facebook and Twitter. About Sevenhugs Sevenhugs is an innovative connected home company that creates integrated devices and services aimed at simplifying the smart home experience. Its mission is to reinvent the way people interact with technology at home. Sevenhugs’ line of products include hugOne, the first connected solution that helps the entire family sleep better. The company was founded in 2014 by Simon Tchedikian, Stéphane Jaubertou, Lionel Marty, and Olivier Mandine. For more information about Sevenhugs, visit: http://sevenhugs.com About Xerys Gestion Xerys is a French portfolio management company specialising in private equity (iOT, cleantech, biotech, energy). It aims to support the managers of Xerys Funds portfolio companies at all stages of their growth, from venture capital to maturity. Xerys aims to provide the financial means to allow entrepreneurs to work in a long-term perspective, without the risk of running out of capital, focusing on their vision for their company. Xerys also aims to put the full range of skills and expertise of the members of its team at their disposal, providing assistance and advice in strategic decisions and choices. For more information about Xerys, visit: www.xerys.com
Media Contacts: Beth Keuling lotus823 for Sevenhugs press@sevenhugs.com 732-212-0823 Olivier Ossipoff, Alexandre Heraud Xerys Gestion +33 1 82 52 12 25
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