Origin AI, a Rockville, MD-based WiFi Sensing technology company, closed its latest $15.9m Series B extension.
The round was led by Verisure with participation from Okinawa Electric Power Company, and follow-on investors, Verizon Ventures and INSPiRE.
The company intends to use the funds to accelerate its growth, expand its product portfolio, and bolster its support for customer deliveries. The capital will be strategically utilized to broaden Origin AI’s product offerings and grow its commercial business, thereby providing enhanced solutions to a wider customer base.
Led by CEO Spencer Maid, Origin AI specializes in transforming WiFi signals into innovative WiFi Sensing technology providing precise presence sensing solutions for Fortune 500 ISP, security, and IoT companies with applications and services in property security, smart automations and eldercare. Leveraging its patented AI, the solution detects and verifies human presence, offering accuracy and security.
FinSMEs
12/12/2023