Sevenhugs develops the Smart Remote, a consumer electronics remote integrating an ultra-precise indoor positioning technology. The company was founded in 2014 and is headquartered in Paris, France, with a research, development and AI center in Paris, a Sales and Marketing division in San Francisco, and production in China. Its technologies are protected by more than 26 international patents, three of which have already been delivered. Sevenhugs has 45 employees across its functions. The company plans to use new funding to further develop and distribute its smart home solutions in the U.S. and globally. Leadership includes CEO Simon Tchedikian, COO Stéphane Jaubertou, CTO Julien Colafrancesco and VP Engineering Baptiste Daroussin. Sevenhugs is a French startup building smart-home hardware, including the hugOne sleep-tracker and a universal smart-remote. The remote is designed to let users point at devices—TVs, Philips Hue lights, Nest thermostats—to control them. The company aims to enable devices from disparate ecosystems to interact intuitively rather than relying on smartphones as hubs. Sevenhugs closed a $14.6M Series A led by Xerys and will use the new capital to generate brand awareness and prepare a U.S. launch. It is opening a U.S. office in San Francisco to support that expansion. The company positions its products to create a more connected, reactive home experience and joins device makers like Misfit and Hello with its sleep-tracker.

Total raised

$24M

Funding rounds

2

Latest round

Equity

Latest activity

Dec 2019