Ferguson Ventures invests in Whisker Labs and Ting technology
Ferguson Ventures, the corporate venture capital and strategic partnering arm of Ferguson Enterprises, has invested in Whisker Labs, a sensor and data technology companyfocused on protecting families and homes through the development of Ting, a super-smart DIY sensor that monitors a home’s entire electrical network to help prevent electrical fires and proactively detect maintenance issues with major home systems.
Aging infrastructure, widespread growth in connected devices and access to electricity by 6.2 billion people have made electrical fire prevention a rising global concern, Ferguson Ventures noted. One Ting plugged into any outlet in the home detects loose connections, damaged wires or faulty appliances. Beyond fire safety, Ting provides meaningful engagement and information to homeowners on conditions and events of high relevance to everyday life, such as power outages, weather warnings and even notifications that their HVAC or other key appliances may be about to fail.