XY Sense has completed its initial seed funding round, raising AU$5 million from leading Australian venture fund, Blackbird Ventures, staff and angel investors.
Founded in 2016 by Alex Birch and Luke Murray, XY Sense is a Melbourne headquartered technology startup that has designed and engineered a world-leading smart sensor platform to help businesses access and act on workplace data in real-time.
The XY Sense platform consists of sensor hardware and an AI powered analytics platform where property teams can monitor workspace utilisation in real-time as well as customise dashboards on things like meeting room occupancy, desk utilisation on a given floor and how teams are physically interacting with the office environment. In the past, these types of workplace insights could only be captured by people walking the floors and manually surveying or recording space use.
XY Sense has a number of enterprise clients across Australia, and is on-track to install their advanced sensors in over 200,000 sqm of corporate offices across Australia and New Zealand by the end of 2020.
The completion of the funding round coincides with the launch of XY Sense’s ‘sensor-as-a-service’ platform and will enable the company to fast-track sensor production to meet growing demand from commercial real-estate teams looking to future-proof their workplace property strategies and adapt in the era of COVID-19.
“We’re excited to welcome Blackbird Ventures as an investor at such an exciting time in our growth,” said Alex Birch XY Sense co-founder and CEO.
“The data gap when it comes to workplace utilisation isn’t new. Workplace experience and corporate real-estate teams have been struggling for years with outdated systems that fail to deliver the accuracy and analytics features teams need. And now COVID-19 has really raised the stakes. We’re launching our advanced workplace sensor system to deliver real-time, pinpoint accurate data to these teams, so that they can measure utilisation before they act on workspace changes or real estate downsizing in response to COVID-19.”
In response to the COVID-19 pandemic, XY Sense has also released a suite of real-time social distancing features and desk integration tooling to help teams better monitor desk booking and usage, deliver social distancing breach alerts and target cleaning services more effectively.