Relay Ventures-backed Luma acquires Nodal Industries
Luma has acquired Nodal Industries, an Internet of Things security startup based in Mountain View, California. No financial terms were released. Atlanta, Georgia-based Luma said it plans to integrate Nodal's technology into its intelligent WIFI system, which is designed to bring speed, safety and security to the home WiFi network. Luma was launched in late 2015 with venture capital investment provided by several firms, including Canada's Relay Ventures and Silcon Valley's Felicis Ventures. With the deal, 500 Startups, which previously backed Nodal, becomes a Luma investor.
7 January 2016•4 mins read
