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XY Sense

XY Sense provides sensors that enable property teams to capture and act on workplace utilization data in real-time.

Backed by

OneVenturesOneVentures
Blackbird VenturesBlackbird Ventures
InterValley VenturesInterValley Ventures
JCI VenturesJCI Ventures

Raised 9.91M HYBRID_SERIES_A on July 25, 2022

About

XY Sense provides a privacy-preserving occupancy sensor and analytics platform capturing fully anonymous, real-time people-movement data with 2-second updates, ~1-foot location accuracy, and ~1,000 sqft coverage per sensor.

Mission

XY Sense builds a privacy-preserving occupancy sensor and analytics platform that captures 100% anonymous, real-time occupancy and people-movement data with sensors that update every two seconds and locate occupancy to within about 1 foot. Its sensors deliver extensive coverage (about 1,000 sqft / 20 desks per sensor) and claim to use 50–75% fewer sensors versus competitors, reducing rollout costs and improving sustainability metrics. The platform is used by major customers including CBRE, Xero, Mirvac and Fidelity International and now powers workplaces in 14 countries. Since launching in Australia in 2020, the company has seen rapid adoption post-COVID-19 as employers reassess real estate strategies. Financially, XY Sense reported a 300% revenue increase in 2021 following global rollouts and had doubled its annual revenue as of June 30, 2022. The company is ramping inventory and supply to meet strong international demand while emphasizing fast dispatch times despite supply-chain challenges.

Quick Facts

Founded

2016

Funding

HYBRID_SERIES_A

Industry

Analytics, Artificial Intelligence (AI), Property Management, PropTech, Real Time, SaaS, Sensor

Team Size

11-50

Headquarters

Melbourne, Victoria, Australia