XY Sense Raises US$10M in Total Funding

xi sense

XY Sense, a Melbourne, Australia-based occupancy sensor and analytics platform for corporate real estate teams, raised an $8M Pre-Series A funding.

The round was led by InterValley Ventures with participation from strategic investor JCI Ventures, the corporate venture arm of Johnson Controls, and returning investor Blackbird. In conjunction the funding, XY Sense secured $2M (AU$2.75M) in venture credit financing from OneVentures.

The company intends to use the funds to increase international demand as well as roll out its sensor technology in workplaces globally.

Founded by Alex Birch and Luke Murray, XY Sense has developed a 100% privacy-preserving sensor which captures real time occupancy and people movement data to help workplace teams plan, use and monitor their office space to capture cost efficiencies, build more productive, collaborative environments, and create amazing experiences for employees. Engineered in Melbourne and serving companies globally, the company works in real time to understand occupancy and space utilization to within, on average, 1ft. Sensors update every two seconds, so users can see and monitor workplace occupancy live.

Since launching in Australia in 2020, XY Sense has experienced rapid growth and customer adoption, now powering workplaces in 14 countries for the world’s most recognizable brands, CBRE, Xero, Mirvac, Fidelity International as well as financial and pharmaceutical firms.