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The smart thermostat market continues to heat up, not least in Europe where Munich-headquartered Tado is aiming to become the leader. The German company, which counts Google-owned Nest as a competitor, along with the likes of the UK's Heatmiser and Hive from British Gas, has raised further $17 million in backing, bringing total funding to $34 million since being founded in 2011.
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Source: TechCrunch