Microsoft invests in these 10 smart-home startups
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Tyler Wells Lynch, Reviewed.com 6:43 p.m. EDT August 15, 2014 Microsoft is betting big on the smart home, and hopes the next big start-up rises from within its ranks.(Photo: Tyler Wells Lynch)Microsoft is betting on the future of the smart home, and it's hoping to discover that future within its own ranks.Earlier this summer, the company announced plans to launch a start-up accelerator focused specifically on home automation and the Internet of Things. It was a move made partly in an attempt to compete with Apple and Google, both of which have made significant strides in home automation. It's also a simple acknowledgement of a market that's expected to double in size over the next five years.This week, Microsoft announced the 10 start-ups that will participate in the accelerator program, which will run from September to December of this year on Microsoft's Redmond, Wash., campus. The chosen outfits were selected from a pool of more than 400 candidates."The goal of this Accelerator is simple: to help a new generation of companies create smarter and safer homes," said Steven Guggenheimer, chief evangelist at Microsoft Developer Experience, in a statement."We share the belief that over time the home automation trend will fundamentally change how we interact with and manage our homes — making them more efficient, communicative and ultimately safer."These are the 10 lucky start-ups.1. Chai Energy[1]Chai's "gateway" device communicates with your smart energy meter to deliver real-time energy understanding — from the whole house to individual appliances.2. Heatworks[2]Heatworks is the world's first fully connected water heater. The…
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