XY Sense, a Melbourne-based platform that offers occupancy sensors and analytics for corporate real estate teams, has raised $8 million in Pre-Series A funding. InterValley Ventures led the funding round, with participation from JCI Ventures, the corporate venture arm of Johnson Controls, and existing investor Blackbird. In addition, XY Sense secured $2 million (AU$2.75 million) in venture credit financing from OneVentures.
The funds will be used to expand the company’s global presence and introduce its sensor technology to more workplaces worldwide. The platform, founded by Alex Birch and Luke Murray, has developed a privacy-preserving sensor that captures real-time occupancy and people movement data. The platform helps workplace teams to plan, monitor, and use their office space more efficiently, leading to cost savings, more productive and collaborative environments, and better employee experiences.
The platform is engineered in Melbourne and has a presence in 14 countries, serving global brands such as CBRE, Xero, Mirvac, Fidelity International, as well as financial and pharmaceutical firms. The sensors update every two seconds, allowing users to view workplace occupancy in real-time with an accuracy of, on average, 1ft. Since its launch in Australia in 2020, XY Sense has seen rapid growth and customer adoption.