Melbourne-based XY Sense, a platform that provides occupancy sensors and analytics for corporate real estate teams, has secured $8 million in Pre-Series A funding. InterValley Ventures led the round, with participation from strategic investor JCI Ventures (the corporate venture arm of Johnson Controls) and returning investor Blackbird. In addition to the funding, XY Sense also secured $2 million (AU$2.75M) in venture credit financing from OneVentures. The company plans to use the funds to expand its reach globally by increasing international demand and implementing its sensor technology in workplaces worldwide.
XY Sense, co-founded by Alex Birch and Luke Murray, has developed a sensor that preserves privacy and captures real-time occupancy and movement data to help workplace teams optimize their office space, reduce costs, create collaborative environments, and enhance employee experiences. The Melbourne-based company’s technology is engineered to understand occupancy and space utilization with an accuracy level of 1ft, updating every two seconds for live monitoring of workplace occupancy.
Since its launch in Australia in 2020, XY Sense has rapidly expanded and gained traction, with its customer base spanning 14 countries, serving prominent brands such as CBRE, Xero, Mirvac, Fidelity International, as well as financial and pharmaceutical firms.