Rogue Venture Partners-backed Streem has been bought by Frontdoor, which has plans for its augmented reality-based remote home services technology.
Streem, a US-based on-demand domestic services portal that counts Oregon State University-backed venture fund Rogue Venture Partners as an investor, was acquired by home services plan provider Frontdoor yesterday.
The price was not disclosed but will comprise both cash and equity, including milestone-based equity payments.
Founded in 2017, Streem runs a mobile software-based platform that lets home services professionals begin their analysis of the customer’s property without visiting in person.
The platform applies augmented reality and computer vision to home footage from the customer’s smartphone camera, enabling the professional to capture contextual data, diagnose faults and make recommendations.
Frontdoor will integrate Streem’s technology with its home services offering, which includes a marketplace and monthly subscriptions used by more than 2 million customers.
The company hopes to support additional revenue streams, including the launch of an on-demand home services portal, and will maintain Streem’s payroll to…
