Sensity Systems Secures $36,000,000 New Round

  • Feed Type
  • Date
    7/20/2015
  • Company Name
    Sensity Systems
  • Mailing Address
    480 Oakmead Pkwy Sunnyvale, CA 94085 USA
  • Company Description
    Sensity Systems capitalizes on conversions to LED lighting—a process that will affect 4 billion lights worldwide over the next few years—to create a high-speed, sensor-based, multiservice, open networking platform known as a Light Sensory Network (LSN).
  • Website
    http://www.sensity.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $36,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Sensity will use the new funding to expand its cloud-based NetSense LSN platform and IoT applications ecosystem to enable development of value-added applications that allow customers to optimize operations, enhance security, and reduce energy usage by leveraging data and analytics generated by the industrial Internet of Things. Funding will also be used to support rapidly growing sales with our partners for LSN installations worldwide.
  • M&A Terms
  • Venture Investor
    Cisco Investments
  • Venture Investor
    Acuity Ventures
  • Venture Investor
    GE Ventures
  • Venture Investor
    Simon Venture Group
  • Venture Investor
    Undisclosed

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