Den Automation, the once-promising UK smart home startup that raised nearly £4.5m via equity crowdfunding and boasted former Amstrad chief Bob Watkins as CEO, has agreed to go into liquidation, The Register reported.
Den Automation was founded in 2014 by Yasser Khattak, a 17-year-old wunderkind from Maidstone, Kent, who came up with the idea for the business while studying for his A Levels.
Khattak subsequently dropped out to focus on the business full time.
The concept behind Den Automation was simple. It built “smart” light switches and wall sockets that were visually indistinguishable from their “dumb” equivalents and could be installed by a layman, rather than a trained electrician.