Sensity Systems Inc., a developer of Light Sensory Networks (LSNs) headquartered in Sunnyvale, California, reports that the company has closed a private funding round of $36 million. Cisco Investments led the funding round that included Acuity Brands, GE Ventures and Simon Venture Group (corporate investment arm of Simon Property Group). In total, Sensity has now raised $74 million since its inception from initial investors Almaz Capital, Silver Creek Ventures, Mohr Davidow Ventures, and Radar Partners. Sensity says it intends to use the investment to scale its NetSense platform and application developer program around the world.
“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.
Light Sensory Networks uses a combination of lighting with embedding sensors, lighting infrastructure, wireless connectivity, and data analytics to collect and transmit data. The data leverages cloud-based applications and services for smart city, environmental monitoring, security, public safety, smart parking, and retail services, security and public safety, environmental monitoring and IOT applications.
Martin added, “The true role of technology is to better the lives of people on our planet. In order to effect change for people on a broad scale, you must have a way to measure what is occurring in the physical world and analyze it in real-time. No one company can deliver all the components required on a global scale to realize this vision. Sensity created a platform for world leading companies to converge and deliver on this promise, allowing them to transform from hardware-centric manufacturers into wide ranging technology, services and information providers.”
Sensity said it will use the new funding to expand its cloud-based NetSense LSN platform and the Industrial Internet of Things applications ecosystem. The company intends to develop technology that leverages data analytics to allow customers to reduce energy usage, enhance security, and optimize operations. Sensity indicated that it will also use the funding to support its rapidly growing sales with company partners for LSN installations worldwide.