The smart home subsidiary of China-based Haier Group has completed a series A round led by China International Capital Corporation.

Eoroom Technology, a smart home technology subsidiary of China-based consumer electronics maker Haier Group, has closed a RMB1.2bn ($174m) series A round, China Money Network reported yesterday.

Financial services firm China International Capital Corporation (CICC) led the round, with additional capital coming from China Equity Group, China Galaxy, Zhongtai Venture Capital and Gaocheng Capital.

Founded in 2015, Eoroom builds smart devices and furniture that can be controlled through a user’s mobile app, or in the rooms themselves through speech recognition technology.

…