ORIX Growth Capital announced today that it has completed a growth capital investment in Alula, a leading provider of a vertically integrated security and home automation platform serving thousands of independent security and installation professionals.
“We are pleased to partner with Alula given their industry expertise in the design of home automation products and platform. Alula’s end-to-end solution positions it to be the go-to provider for its customers who are seeking next-gen smart home products with a reliable network, at an affordable price,” said Florence Hosanna, a Director at ORIX Growth Capital. “We are impressed with Alula’s deep bench of talent and differentiated solution and we are excited to support their growth momentum.”
“We are thrilled to be teaming with ORIX Growth Capital as we accelerate our business to the next level. Their sector expertise, relationship approach and long-term focus make them an ideal partner as we continue to expand,” said Brian McLaughlin, CEO of Alula.