Butlr, a Burlingame, CA-based physical AI (PAI) startup, raised $38M in Series B funding.
Backers included Pacific Alliance Venture, GS Futures, DNX Ventures, Ray Stata, Joi Ito, Carrier, and Qualcomm.
The company intends to use the funds to expand its presence, mainly in senior care communities.
Led by CEO Honghao Deng, Butlr is an MIT Media Lab spinout that offers a technology platform to understand subtle movements in a space, accurately discern activity, occupancy, indoor location, and body posture yet is purposely designed to be incapable of capturing personally identifiable information. It provides sensors and data that are used by employers, hospitality companies, retailers, and senior living communities to identify patterns and behaviors that inform decisions about real estate investment planning, asset management, occupancy, health, and energy efficiency.
Companies including Walmart, 9solutions, Carrier, Qualcomm, Shell Point, and Verizon, use it to support their businesses.
FinSMEs
26/08/2024