SmartThings Gets $12.5 Million to Develop the Internet of Things

In a vote of confidence for the Internet of Things, a startup in the category, SmartThings, announced Tuesday that it has received $12.5 million in Series A funding

The round brings SmartThings' total to $15.5 million. SmartThings, which was founded in April 2012, provides an open platform for the Internet of Things — the shorthand description of Internet-infused objects that can be controlled via your smartphone, like thermostats, lights, locks and smoke alarms. Some 3,000 inventors and developers use SmartThings' technology to create such devices.