Locatee, a Swiss startup that makes use of existing sensors and IT infrastructures to provide employers and business real estate owners with detailed data about how their areas are utilized, today introduced that it has raised a $4 million Series A funding spherical headed by San Francisco-based FYRFLY Venture Partners and Zurich-based Tomahawk VC.
Company real estate managers often don’t perceive how their buildings are utilized lately because they merely don’t have the tools to assemble this data. In consequence, they overprovision their office areas, and large chunks of it remain empty — which organizations then unnecessarily pay for.
What makes Locatee stand out from comparable players in this space is that it integrates with present motion sensors inside a building and different data sources, like Wi-Fi networks.
For Swiss Re’s Munich office, for instance, Locatee was able to work with NetCloud and integrate with the prevailing Cisco network infrastructure. Because of the data it gathered, Swiss Re was able to cut back its local office space by 10%, which Locatee says allowed the corporate to save nearly €290,000/year.
On prime of the core data analytics, Locatee affords quite a few different tools, starting from smart signage for meeting rooms and workstations, for instance, to desk finders for staff who now or a minimum of as soon as they return to their offices are sometimes not working from a single, pre-assigned cubicle every day but who roam around a building and work from a different spot day-after-day.