The system hub is used in more than 1,000 flats and nearly 500 detached homes in Hungary.
The system is also available in Serbia, Romania, and Germany. Hiventures, the venture capital arm of the state-owned Hungarian Development Bank (MFB), has invested around HUF 850 million in the startup since 2020.
The company had a revenue of HUF 238 mln in 2021.
With Chameleon Smart Home, the number of listings on the Xtend platform has grown to 18.
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