Key Deal Facts
Revenue for the US smart home market is projected to reach over $41B by 2023. The smart home vendor landscape, however, remains fragmented and unsecure with no clear choice for non-technical homeowners wanting to automate their homes.
Hubsai is not only well-positioned to provide this choice for consumers via direct sales and installer/reseller channels, but also plans to roll out a smart home services delivery platform for telecoms and ISPs that can rapidly scale and grow the community of Hubsai users.
With customer privacy as our priority, Hubsai stores homeowners’ information on the local Hubsai Hub rather than on a public cloud. Unlike other smart home automation platforms, we are designed to provide a worry-free, positive experience for homeowners transitioning to smart home technology.
Management Team / Advisory Board Bios
Mike Ghodoosian
Founder and CEO
Mike drives the strategic vision of Hubsai, in addition to the company’s product roadmap, and partnerships, which include strategic relationships with Assa Abloy (the Yale and August lock brands), Amcrest, and Fibaro. Before Hubsai, Mike founded and led several startups, including MGH, an AI and IoT-industrial automation startup, and Universal Responses, a B2B survey data management platform. As Director of Global Accounts at Siemens, Mike was responsible for the Microsoft, Intel, HP, and SunMicro accounts with frequent C-level interactions. He holds a degree in Mechanical Engineering, and an MBA from Notre Dame de Namur University.
Fernando Narvaez
Chief Financial Officer
Highly accomplished senior executive that brings a wealth of finance and corporate management knowledge and over 15 years of International P&L management, strategy development and a proven track record of driving revenue and managing relationships with current and potential investors.
Prior experience includes roles in Fortune 500 companies such as Oracle Corporation where he oversaw the Finance portion of North America Cloud business. Fernando has also been involved with Startups Growth, raising funds from institutional investors and Merger & Acquisitions transactions.