TADO°

Amazon, E.ON, Total Energy Ventures, the European Investment Bank and other firms have invested $50 million in the Munich-based smart-home startup tado°, which is known for its radiator thermostats. The unique tado° technology allows users to manage their heating and cooling over the internet. Thanks to machine learning algorithms, the thermostats can help to save up to 30 per cent on heating costs, Toon Bouten, the CEO of tado°, claims. The AI engine developed by tado° “listens” and responds to weather forecasts and it reacts when users leave or approach their homes. www.tado.com