Lighthouse secures $1.25M seed round to capitalise on boom in workplace IoT

Funding Rounds

Summary

Thus, it’s interesting to note the news today that Australian startup Lighthouse.io has closed AUS$1.25 million in a seed funding led by Tamarisc, an early stage venture capital firm that invests in real estate technology companies. Here’s how Lighthouse works: companies equip their workers with a mobile app that takes data from sensors like Bluetooth beacons to deliver information about their surroundings based on their exact position. That could translate into many Sci-Fi-like things like seeing atmospheric quality in an areas, but for now it’s about practical information such as task lists, instructions, safety content and alerts. For big facilities like shopping malls, airports, hospitals and stadiums, it means workers become more efficient at checking things which really do need fixing rather than endlessly walking around a building. Future features include an If-This-Then-Than (IFTTT) engine that will be able to detect changes from sensors and other web services and then trigger outputs to relevant workers Patrick Carne, Lighthouse.io CEO says they “see a huge opportunity to disrupt labor based industries that are using extremely inefficient, manual and paper based processes.” The current round of funding will be used to accelerate product development and growth in the US market.

$ Funding

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Amount $1.3M Total raised
Date January 16, 2017 Announcement date
Investors Lighthouse, Tamarisc Lead investors
Company http://www.lighthouse.io Funded company

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Linked Companies

Lighthouse.io
up to $1M
Lighthouse
$50M to $100M