Burlingame California based Butlr is raising $7,882,742.00 in New Equity Investment.
Burlingame, CA – According to filings with the U.S. Securities and Exchange Commission, Butlr is raising $7,882,742.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Honghao Deng played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About Butlr
Butlr is a spin-off from the MIT Media Lab. Butlr’s sensor network captures human dynamics through state-of-art sensory monitoring and AI, understanding users’ need to achieve seamless automation experience, preventing risk, and optimizing business. Redefining wireless motion sensor. Detects peoples’ indoor location, posture, and body temperature with easy setup, safeguarding privacy. The Butlr Sensors are designed with the most advanced edge computing technologies to deliver unparallel spatial insights. The eraser size sensor with the state of the art algorithm measures occupancy, headcount, and posture in almost any built-environment. Sophisticated technologies operate in the user’s peripheryùnot at the center of their attention, while safeguarding privacy. With its lightweight and smart design, the Butlr Sensor can be placed anywhere from an elevator, a train carriage, to a restroom. 100% Wireless, powered by the advanced network and edge compression algorithm Butlr designs, the extremely low power system design propels 24 months battery life in almost all use cases. Wide Coverage, with its plug-and-play design, installing the Butlr Sensor is now easier than hanging a frame. The 110 degree FOV specialty lens empowers the sensor to have 1000sqft coverage at 12ft height.
To learn more about Butlr, visit http://www.livebutlr.com/
Contact:
Honghao Deng, Chief Executive Officer
415-205-6008
https://www.linkedin.com/in/honghaodeng/
SOURCE: http://www.intelligence360.io
Copyright (c) 2021 SI360 Inc. All rights reserved