Lynxight, a Jerusalem, Israel-based AI aquatic safety & analytics service provider, raised $6M in funding.
The round was led by Champel Capital and Boresight, with participation from Aristagora VC, Brooks Capital, Open Valley, Gil Midyan and others.
The company intends to use the funds to accelerate growth, expand operations and its business reach.
Led by CEO Omer Bar-Ilan and COO Eyal Amit, Lynxight is a cloud-based service for the $20bn aquatic risk management market. Its proprietary AI connects to standard, onsite security cameras to manage and mitigate safety liability at sport and leisure facilities, supporting operators and insurers in ongoing risk assessment and management. Facilities with standard security cameras and Wi-Fi can connect pool staff and lifeguards to the platform to receive real-time smartwatch alerts on swimmer distress behavior, drowning risk, and pool overcrowding, as well as track swimmer count, location, and density for a 360 operational view with live metrics. Data analytics on pool activities serve for collaboration with insurance companies and risk management programs, providing visibility into aquatic exposures.
Lynxight serves some of the most prominent commercial pool operators from 10 countries across the U.S., Europe, Australia, and Asia – including its home base, Israel – alongside forming partnerships with global insurance companies.
FinSMEs
21/12/2022