Adomo, Inc. announced today that it has successfully closed a seed funding round from Bridge Ventures Fund III in Denmark. This investment, along with prior investments, brings Adomo's total seed funding to $4 million. The funds will be used to continue development of a Linux server-based home information system that allows families to network Internet enabled devices and share important family… information. This market is expected to reach $5 billion by the year 2005.

Adomo's system addresses the need for a home information system that fits the patterns and lifestyle of the family. It consists of a Linux-based server, thin client terminals, home information applications, and web-based services. It is designed from the ground up for the family environment, allowing fast access to information by all family members from anywhere in the home. The applications support common home information needs such as address books, calendars, and playing digital music. Adomo's home server, the AdomoBase, acts as a residential gateway, combined with centralized storage and distribution of the custom applications and data to the remote devices. Adomo's thin client terminals allow fast, easy access to the information and the Internet from anywhere in the home. Both the server and the appliances use the GNU/Linux operating system.

Driven by the growth in broadband Internet access to the home and web-connected appliances, the market for home networks and related services is projected to grow to $5 billion by 2005 (Source: ABI).

“We started with the understanding that the home is fundamentally different from the office,” said Samir Lehaff, President and CEO of Adomo, Inc. “The focus is different, the ways we communicate are different and the pace is different. Adomo's goal is to develop a system expressly for the family, with applications and usability that fit that model.”

Adomo's team has backgrounds that are relevant to this opportunity. Based in Silicon Valley and Denmark, team members have experience in Internet server software, network architecture, Linux development and embedded systems design. CEO Samir Lehaff has successfully started four companies, the most recent being Touchwave, a voice-over-IP company that was sold to Ericsson in 1999.

“Bridge Ventures Fund III is pleased to have the opportunity to participate in Adomo's future. We have a great deal of confidence in the management team and their potential to execute in this growth market” said Johan Horstmann, CEO of Bridge Ventures Fund III.

 
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