Silvair, a provider in Bluetooth-based smart lighting technologies for commercial applications, has completed a US$12 million Series A round of funding.
The new investment will enable the company to commercialise its end-to-end smart lighting platform, as well as to grow its marketing and customer support capabilities internationally.
“Our team has made an enormous effort over the recent years, developing truly innovative smart lighting solutions and driving development of the Bluetooth Mesh standard. This is what allowed us to earn the trust of a stable and visionary investor which will now help us take things to another level,” said Rafal Han, CEO of Silvair.
“Completion of the Series A round opens a new chapter for Silvair and motivates us to keep working even harder. We are fully aware of the challenges that still lie ahead of us, but we are ready to tackle them, financially secure and technologically ahead of our time,” he added.
The round was led by the investment fund company Trigon TFI, with Digital Garage, CyberAgent Ventures, New Europe Ventures and several of the company’s original angel investors also participating. Trigon TFI is Poland’s most dynamically growing asset manager, employing the highest number of fund managers and equity analysts across the Polish investment universe. It has recently been awarded the title of ‘2016 Top Fund of the Year – Domestic’ by the CEE Capital Markets summit.
“We are impressed with all that Silvair has managed to achieve so far, and are excited to assist the company in transforming the commercial building automation landscape,” said Pawel Burzynski, vice president of Trigon TFI.
Silvair is developing the world’s first fully scalable smart lighting platform. It is a complete set of hardware and software solutions enabling multi-service mesh lighting networks that drive efficiencies and generate revenues across all types of commercial spaces. Leveraging the unique capabilities of the Bluetooth radio, the solution ensures seamless network provisioning / reconfiguration and personalised lighting experience, while at the same time offering a variety of value-added features.
The latter include occupancy sensing, beacons-via-lighting, asset and people tracking, predictive product maintenance or energy intelligence. The platform is currently using a wireless communication protocol based on Bluetooth Smart, but can be updated over-the-air to Bluetooth Mesh as soon as the standard is adopted by the Bluetooth SIG.
“We are at a thrilling point right now, with the Series A financing already completed and the formal adoption of the global Bluetooth Mesh standard just around the corner. We’ve contributed to its development like no other company, and we firmly believe it will mark the beginning of a new era in the commercial smart lighting segment. We also believe we’re perfectly positioned to become the world’s #1 provider of multi-service mesh lighting networks for professional applications,” added Rafal Han of Silvair.
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