Seed round raised from existing investors (True Ventures, BKR Capital, Centre for Aging and Brain Health Innovation, Health2047 and others) - $4.5M to date. Securing of MassAITC pilot funding helped in due diligence with investors for their seed round, and thus was critical to closing their funding including with Health2047, venture arm of the American Medical Association and with other early stage investors.
A new company founded by G. Antonio Sosa-Pascual (PI) to commercialize the technology and AI developed through this pilot project was one of 24 companies selected (out of more than 200 applicants) to join the pre18 accelerator as a recipient of a $25,000 grant. Source: News is my Business News Release
“Our focus for this strategic funding is to continue to support enterprise customers and meet the strong demand for our technology in senior care.”Honghao Deng, CEO and co-founder, Butlr Burlingame, Calif. – August 26, 2024 – Butlr, a physical AI (PAI) startup, today announced $38M in Series B funding to meet the increasing demand for its sensors and anonymous data that can be used in any building to better understand how humans interact in a space. This results in more collaborative, energy efficient and safer buildings where people work and live. Butlr’s primary customers are in senior living communities and workplaces, with a growing interest among brick-and-mortar retailers. To date, the company has raised $68 million with Foundry as the lead investor for Series B. An MIT Media Lab spinout, Butlr has patented the combination…