fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Property Technology

SensorFlow Raises $8.3m, Eyes Innovations to Help Hotels Manage Covid-19

Michael Tan by Michael Tan
23 April 2020
in Property Technology, Venture Capital
0
SensorFlow
SensorFlow co-founders, Saikrishnan Ranganathan and Max Pagel.

SensorFlow co-founders, Saikrishnan Ranganathan and Max Pagel.

32
SHARES
Share on FacebookShare on Twitter
Bookmark(0)

Please login to bookmark

No account yet? Register

Singapore-based property technology (proptech) startup SensorFlow, announced raising $8.3 million in a Series A+ funding round that the firm will use to develop solutions for automating heating systems.

In a statement, SensorFlow said combines the use of smart wireless IoT solutions and artificial intelligence to help buildings monitor, analyze, and automate energy consumption. These innovations can help hotels manage the Covid-19 pandemic, the startup said.

“For the hospitality sector, the need for optimizing energy and operational efficiency is especially pertinent now as it works on recovering from the Covid-19 pandemic,” said the firm’s co-founder and CEO Saikrishnan Ranganathan.

SensorFlow’s solutions, he added, can help clients save costs in the longer term and bounce back faster from the pandemic’s economic effects.

The latest funding round was co-led by Openspace Ventures and Gaw Capital Partners, which invest in early-stage technology companies in Southeast Asia and global real estate markets, respectively.

Other prominent investors who featured in the round were Aurum Investments, a proptech focused venture capital fund, and Pierre Lorinet.

Aside from financing the company’s smart building management solution for heating, ventilation, and air-conditioning (HVAC) systems, the funds will also be used to hire new talent in hardware and data science roles and expand to new markets globally.

Founded in 2016, SensorFlow offers buildings, including hotels, offices, and industrial spaces, the ability to automate HVAC systems, monitor equipment performance, and optimize housekeeping routes through an Internet of Things (IoT) technology and artificial intelligence-driven solution.

The company said its solution generates up to 30 to 50 percent of savings on hotel room HVAC costs, which can translate up to 30 percent in savings on total hotel energy bills.

To date, SensorFlow has been signed on by about 10,000 hotel rooms across Southeast Asia and recorded a 1,000 percent increase in hotel room installations since 2019.

Gervin Yang, VP Investments at Openspace Ventures, said SensorFlow’s solution leads to “energy and operational efficiency gains that contribute to substantial cost savings.”

“This is especially important in the current climate and can be adopted by any property manager looking to increase profitability as well as to reduce their impact on the environment,” Yang added.

What are your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: COVID 19Property TechnologyPropTechSensorFlow
Previous Post

Paul Mit And Andrew Severin, Co-Founders Of FlowMapp- A Cutting-Edge Full Stack UX Platform Built Without Seed Funding

Next Post

Angelo Huang- Co-Founder And CEO Of BlaBla EdTech- No.1 Online Platform to Learn English Through Videos

Related Posts

Terra.do
SensorFlow co-founders, Saikrishnan Ranganathan and Max Pagel.
Featured

Terra.do launches mobile app, receives $5m funding

June 16, 2022
Houze
SensorFlow co-founders, Saikrishnan Ranganathan and Max Pagel.
Featured

Vietnam’s Houze scores $2m in recent funding round for expansion

June 14, 2022
Allinfra
SensorFlow co-founders, Saikrishnan Ranganathan and Max Pagel.
Featured

Nomura leads $6m Series A in climate tech startup Allinfra

May 25, 2022
Good Startup
SensorFlow co-founders, Saikrishnan Ranganathan and Max Pagel.
Featured

Singapore VC Good Startup closes alt protein fund at $34m

May 12, 2022
Gobi Partners
SensorFlow co-founders, Saikrishnan Ranganathan and Max Pagel.
Featured

Gobi, Ozora Yatrapaktaja launch $10m seed fund for Indonesia’s women startups

April 29, 2022
SeaX
SensorFlow co-founders, Saikrishnan Ranganathan and Max Pagel.
Featured

SeaX Ventures launches $60m fund to help startups expand in SE Asia

April 30, 2022
Next Post
Angelo Huang
SensorFlow co-founders, Saikrishnan Ranganathan and Max Pagel.

Angelo Huang- Co-Founder And CEO Of BlaBla EdTech- No.1 Online Platform to Learn English Through Videos

Discussion about this post

No Result
View All Result

Follow Us

FREE NEWSLETTER




Copyright © 2021 AsiaTechDaily.com| About Us | Seed acceleratorTerms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2021 AsiaTechDaily.com| About Us | Seed acceleratorTerms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo