Lynxight, a Jerusalem, Israel-based AI aquatic safety & analytics service provider, raised $6 million in funding.
The round was led by Champel Capital and Boresight, with participation from Aristagora VC, Brooks Capital, Open Valley, Gil Midyan, and others.
The company intends to use the funds to accelerate growth and expand operations and its business reach.
Lynxight is a cloud-based service for the $20bn aquatic risk management market. Its proprietary AI connects to standard, onsite security cameras to manage and mitigate safety liability at sport and leisure facilities, supporting operators and insurers in ongoing risk assessment and management.
Facilities with standard security cameras and Wi-Fi can connect pool staff and lifeguards to the platform to receive real-time smartwatch alerts on swimmer distress behavior, drowning risk, and pool overcrowding, as well as track swimmer count, location, and density for a 360-operational view with live metrics.
Lynxight serves some of the most prominent commercial pool operators from 10 countries across the U.S., Europe, Australia, and Asia – including its home base, Israel – alongside forming partnerships with global insurance companies.
Company: LYNXIGHT LTD
Raised: $6.0M
Round: Unknown
Funding Month: December 2022
Lead Investors: Champel Capital and Boresight
Additional Investors: Aristagora VC, Brooks Capital, Open Valley, and Gil Midyan
Company Website: https://lynxight.com/
Software Category: Pool Management
About the Company: Lynxight is a technology platform solutions company that applies advanced AI and machine learning to aquatic safety and pool management, helping its customers reduce risk, increase safety, optimize operations, and most importantly, ensure a carefree experience for the patrons of their pools and water recreation facilities. Lynxight has elevated the standard for pool safety with its first-of-their-kind service offerings. Employing a unique safety-as-a-service model, Lynxight applies AI-powered analysis designed specifically for pools to enable pool managers and operators to expand the range of vision of their existing security cameras and get a 360 view of what’s happening above, below, and around the water. It delivers real-time alerts to lifeguards that accelerate their response times by up to 6x, harness untapped data to drive smarter pool management, and reduce costs by up to 20%. It also employs data-driven insights to drive measurable improvements in pool usage, scheduling, energy consumption, and servicing.
Source: https://www.finsmes.com/2022/12/lynxight-raises-6m-in-funding.html