Butlr Secures $38M in Series B Funding to Expand Physical AI Platform, Focuses on Senior Care Communities
Butlr is at the forefront of physical AI, offering a platform that transforms how spaces are monitored and utilized.
Company Name: Butlr
Location: Burlingame, CA
Sector: Physical AI (PAI)
Funding Details: Raised $38 million in Series B funding from Pacific Alliance Venture, GS Futures, DNX Ventures, Ray Stata, Joi Ito, Carrier, and Qualcomm.
Purpose of Investment: The company will use the funds to expand its presence, particularly in senior care communities.
Product and Innovation: Butlr, an MIT Media Lab spinout, offers a cutting-edge technology platform that leverages physical AI to understand subtle movements within a space. It accurately discerns activity, occupancy, indoor location, and body posture without capturing any personally identifiable information. The platform's sensors and data are utilized by various sectors, including employers, hospitality companies, retailers, and senior living communities, to identify patterns and behaviors that inform decisions about real estate investment planning, asset management, occupancy, health, and energy efficiency.
Key Customers: Notable companies that use Butlr's platform include Walmart, 9solutions, Carrier, Qualcomm, Shell Point, and Verizon.
Leadership Comment: Honghao Deng, CEO of Butlr, emphasized the significance of their PAI technology, stating, "Our platform is designed to provide critical insights while ensuring privacy, making it ideal for environments where understanding human behavior is essential but personal privacy is paramount."
About the Company: Butlr is at the forefront of physical AI, offering a platform that transforms how spaces are monitored and utilized. By focusing on privacy-conscious technology, the company is driving innovation in industries ranging from retail to senior care, helping businesses make informed decisions based on real-time data and behavior analysis.