Butlr, a physical AI startup based in Burlingame, California, has successfully raised $38 million in its Series B funding round.
The investment was led by Pacific Alliance Venture and GS Futures, with participation from DNX Ventures, Ray Stata, Joi Ito, Carrier, and Qualcomm.
The newly acquired funds will be directed toward expanding Butlr’s operations, particularly within senior care communities.
Under the leadership of CEO Honghao Deng, Butlr emerged as a spinout from MIT’s Media Lab. The company specializes in a technology platform that detects subtle movements within spaces to accurately assess activity, occupancy, indoor location, and body posture, all while ensuring privacy by not capturing personally identifiable information. The sensors and data provided by Butlr assist companies in various sectors, including real estate, hospitality, retail, and senior living, in making informed decisions related to investment planning, asset management, occupancy levels, health, and energy efficiency.
Notable companies such as Walmart, 9solutions, Carrier, Qualcomm, Shell Point, and Verizon utilize Butlr’s technology to enhance their operations.
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By Proptechbuzz
By Ravi Kumar
