The world’s first home automation system is about to get a $100 million investment from a company called Stark.
The $8 million investment comes as the Australian government moves to make home automation a key part of the country’s future infrastructure.
It comes after Australian Financial Reviews first reported on a deal for the company to produce sensors and cameras for Australia’s public transport network, which it has been working on for years.
The deal, announced by Prime Minister Scott Morrison, means the new company will be able to produce its own cameras, sensors and other equipment.
The company is already making money from the $100 billion rollout of a new network of smart lights in the US.
This will be a significant milestone for the startup, which has made its name with home automation solutions, such as home-security cameras, smart locks and alarms.
Its products have a range of different functions, from controlling temperature and humidity to controlling noise and dimming lights.
It has also been working with private companies to produce smart lighting systems for the homes of people in remote areas, which are often inaccessible to the public.
The technology can help reduce pollution, increase productivity and save money, but it also has the potential to become an enormous liability.
“The future of this technology is going to be incredibly disruptive,” Mr Morrison said on Thursday, speaking at the opening of a $1.9 billion government-funded $20 billion infrastructure development project, the $2 billion “Smart Grid”.
“If you can get a lot of smart home technology into the home, then the whole economy can be a lot smarter and a lot cheaper.”
The government is also investing in the technology, with $1 billion in the Smart Home Innovation Fund, to fund the development of smart lighting technology and smart home software.
The government’s move is a big step towards Australia’s commitment to becoming the world’s smart cities.
Prime Minister Scott Morris and Treasurer Scott Morrison at the unveiling of a Smart Grid project in Sydney, which includes $1bn of funding from the federal government.
Australia’s Smart Grid is being built to provide smart energy storage and energy management, which will provide better access to renewable energy sources, according to a statement.
“The Smart Grid will support a range the Australian economy needs, such that Australians have better access, cheaper prices and more control over their energy consumption, and are also able to better manage the impacts of climate change,” it said.
Mr Morrison said the government was looking for new businesses to help develop the project, but there was no firm timetable for when it would start. AAP/ABC