Edinburgh-based Smart home security start-up completes £1.7m fundraise

L-R Paul Walton & Robin Knox

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SMART home security start-up Boundary Technologies has announced that it has completed a £1.7m annual fundraise, bringing the amount secured thus far to £3.9 million.

The Edinburgh-based business is preparing for the official launch of its unique smart home security system in August, and will use the funding to complete product testing and for its post-launch operations.

The investment was raised mainly from private individuals, including unicorn founders and investment managers, in addition to a major construction firm that identified a strategic fit between the smart security system and its new home projects.

The final £90k tranche of this year’s investment round was closed in June, bringing the total funds raised so far this year to £1.7m, including grant and loan components. This now takes the total funds raised by Boundary Technologies to £3.9 million.  

Offering ‘security as a service’, the Boundary home security system will become the only smart alarm in the UK accurate enough to provide an automatic police response and will also be the only truly ‘smart’ alarm system to meet UK and European alarm standards according to the company.

Boundary is spearheaded by the duo Robin Knox and Paul Walton.

Robin, Boundary co-founder and chief executive officer, said: “It became very clear from my discussions with investors over recent months that they like the space Boundary is operating in.

“We have worked hard to get to grips with the stringent regulatory framework that exists around the police response intruder alarm market and this is clearly a key strength of the Boundary model.

“Investors were also excited by our plans for the future of crime prevention, including our use of machine vision in the development of our external security camera.”

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