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HomeFunding Japan-Based Butlr has Secured $38 Million in Series B Round Funding

[FUNDING NEWS] Japan-Based Butlr has Secured $38 Million in Series B Round Funding

Physical AI (PAI) startup Butlr, situated in Japan,  Burlingame, CA, has secured $38 million in Series B funding.

Ray Stata, Joi Ito, Carrier, Qualcomm, GS Futures, DNX Ventures, and Pacific Alliance Venture were among the backers. The company plans to utilize the money to increase its footprint, mostly in assisted living facilities.

Butlr is an MIT Media Lab spinout led by CEO Honghao Deng. It provides a technology platform that can recognize subtle movements in a space, precisely determine activity, occupancy, indoor location, and body posture, but it is intentionally not meant to record personally identifiable information.

Employers, lodging providers, shops, and senior living facilities utilize the sensors and data it offers to spot trends and behaviors that help them make decisions about asset management, occupancy, health, and energy efficiency as well as real estate investment planning.

Read also- Vietnam-Based BSCS Receives Investment from K300 Ventures

It is used by organizations including Verizon, Walmart, Qualcomm, Carrier, Shell Point, and 9solutions to support their operations.

Read also- Vietnam-Based U2U Network Receives Seed Investment from V3V Ventures

According to the U.S. Census Bureau, there will be an extraordinary 47% increase in the number of Americans 65 and older by 2050, from 58 million in 2022 to 82 million. In the meantime, there is a chronic lack of workers in the industry.

The Butlr Care solution offers administrators and staff a privacy-based approach to safety for senior care facilities like Shell Point and Sweden Halmstad City’s acute care.

“We are successfully building a loyal customer base because our technology provides the insights to support strategic decisions that were previously based on outdated practices or opinions,” said Jiani Zeng, co-founder, and chief product officer. “The infusion of funding and the release of our new products enables Butlr to strategically scale and respond to customer demand across a variety of industries, most notably senior care.”

The sensors and data are utilized to detect potential long-term health problems including frailty and to respond emergency services to falls and wandering. Care teams may respond more quickly, lessen the effects of acute health hazards, guarantee compliance, and help address the labor crisis by using staff more effectively with the usage of Butlr insights. Health practitioners can proactively update care plans by identifying new or changing conditions early thanks to the combination of Butlr insights and predictive care data.

About Butlr

Butlr is the first and only 100% anonymous people sensing and occupancy detection software that enables companies worldwide optimize workplace design and operations. Butlr detects presence and traffic using body heat and powerful AI without recording identities.

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