Butlr, a Burlingame, CA-based physical AI (PAI) startup, has raised $38 million in Series B funding, bringing its total capital to $68 million.
Investor
The round was led by Foundry, a venture capital firm that provided early-stage technology investments. The firm manages over $3 billion for its limited partners and has invested in hundreds of companies and dozens of venture funds. Established in 2007, Foundry is headquartered in Boulder, Colorado, United States.
Butlr Use of Funds
The company will use the funding to support the growing demand for its sensors. The funds will also help Butlr refine its technology for faster emergency response and improved healthcare interventions.
About Butlr
Butlr is an MIT Media Lab spinout that combines artificial intelligence with body heat sensing technology to build patented sensors and an anonymous people-sensing platform. Their sensors use body heat sensing and machine learning to gather insights on occupancy, movement, and space utilization without capturing personally identifiable information. Butlr's spatial insights are used by some of the world's largest companies in hospitality, senior living, healthcare, commercial real estate, retail, and public transportation. These customers include Verizon, Netflix, Walmart, Carrier, Microsoft, and CBRE.
Funding Details
Company: Butlr Technologies, Inc.
Raised: $38.0M
Round: Series B
Funding Date: August 2024
Lead Investor: Foundry
Additional Investors:
Company Website: https://www.butlr.com/
Software Category: AI Sensor
Source: https://www.accesswire.com/906449/butlr-raises-38m-series-b-funding-ai-sensors-transform-buildings-into-safer-energy-efficient-collaborative-centers-for-working-and-living