Amazon announced two new recipients of the Alexa Fund, Musaic and Rachio. Alexa fund will provide up to US$100 million in investments to fuel voice technology innovation.
Musaic and Rachio are the latest additions to the growing portfolio of Alexa Fund recipients, and join the seven previously funded companies including Orange Chef, Scout Alarm, Garageio, Toymail, Dragon Innovation, MARA, and Mojio.
London based, Musaic is a high-resolution wireless HiFi system that allows customers to listen to music in every room with exceptional sound quality, integrate smart lighting to create and control scenes and moods, and combine with home automation to create a connected smart home.
Rachio, on the other hand is a Denver-based software and hardware company focused on improving the water efficiency of homes. Rachio makes an intelligent sprinkler controller that helps customers water smartly for better results and lower costs by monitoring weather conditions automatically, adapting to the specifics of your yard, and providing control and dashboard options on your smartphone.