Locix, a San Bruno, Calif.-based provider of a platform for the collection and analysis of unique and actionable data for autonomous buildings, raised a Series B funding round of undisclosed amount.
The round was led by Murata Manufacturing, with participation from ID Ventures, University of Tokyo Edge Capital, NTT Docomo Ventures, Acer Inc., iRobot Corp., Yaskawa Information Systems, Yaskawa Electric Corporation and Sumitomo Corporation of Americas.
The company, which has so far raised more than $20M, intends to use the funds to accelerate development, go-to-market strategy and commercially realize their vision to digitize physical space and allow customers’ buildings, including warehouses, to be fully realized as strategic assets, and not cost centers.
Led by Vik Pavate, CEO, Locix provides a cloud-based platform that digitizes physical space through spatial, visual and sensor data. The solution digitizes physical space and assets to track space utilization, monitor assets, remotely monitor and secure areas, and more. In addition to warehouse applications, the technology extends to commercial buildings, factories, hospitals, retail, consumer, homes as well as other areas. It includes:
– Locix Visual Sensor: Scalable, wireless, low-power sensor captures HD imagery and videos from inside and outside facilities, requiring minimal equipment, infrastructure and network bandwidth, and installation, with maximum visibility;
– Local Positioning System (LPS): LPS offers sub-meter accurate 3D location tracking in indoor and outdoor facilities, through advanced Wi-Fi technology and proprietary algorithms, overcoming non-line-of-sight constraints and multi-path reflections; and
– Locix Cloud: Open API integrations with deep analytics and machine learning tools used to analyze visual and spatial data and address logistics challenges in real time.
FinSMEs
07/09/2018