Sensity attracts USD36m to accelerate deployment of Light Sensory Networks
So far Sensity has raised a total of $74m since its inception from venture investors Almaz Capital, Mohr Davidow Ventures, Radar Partners and Silver Creek Ventures, in addition to these four industry-leading lighting, networking and retail organizations. The investment will be used to scale Sensity’s NetSense platform and application developer program globally.
“This strategic investment – from worldwide leaders in the Internet of Everything (IoE), LED lighting and retail – further validates Sensity’s LSN as the premier technology for delivering real world applications and data on a global scale,” said Hugh Martin, chairman and CEO of Sensity.
Sensity claims to be the first company to assemble all the relevant technology expertise, process integration know-how and partnerships required to build this new category: Light Sensory Networks. Light Sensory Networks leverage lighting infrastructure by embedding sensors, wireless connectivity, and data analytics into luminaires to collect and transmit data and enable cloud-based applications and services for smart city, smart parking, retail services, security and public safety, environmental monitoring and other initiatives.
Sensity will use the new funding to expand its cloud-based NetSense LSN platform and IoT applications ecosystem to enable development of value-added applications that allow customers to optimize operations, enhance security, and reduce energy usage by leveraging data and analytics generated by the industrial Internet of Things. Funding will also be used to support rapidly growing sales with our partners for LSN installations worldwide.
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