Origin AI – a pioneering force in WiFi Sensing technology – recently announced the successful close of its latest $15.9 million Series B extension round. With Verisure at the forefront as the lead investor, the company secured significant capital to accelerate its growth, expand its product portfolio, and bolster its support for customer deliveries.
This funding round also witnessed enthusiastic participation from notable new investors, including Verisure and Okinawa Electric Power Company, and follow-on investors, Verizon Ventures and INSPiRE.
The fresh funding round will be strategically utilized to broaden the company’s product offerings and significantly grow its commercial business, thereby providing enhanced solutions to a wider customer base.
KEY QUOTES:
“We are immensely grateful for the trust and support from Verisure and all our investors. This funding empowers us to advance our mission of providing reliable, efficient, and innovative WiFi Sensing solutions to customers worldwide, while also expanding our product range and growing our customer base.”
– Spencer Maid, CEO of Origin AI
“We are extremely pleased to lead the investment in Origin AI. We are impressed with the Origin AI team and their standard-setting technology. WiFi Sensing has an exciting potential to complement our security offering and support our mission to provide peace of mind to families and small businesses. As pioneers in our respective fields, we look forward to partnering with Origin AI across our geographical footprint.”
– Cristina Rivas, Chief Technology Officer at Verisure
