Resonai, a Tel Aviv, Israel-based operating system for the built world, announced that it closed a $20 million Series A Extension funding, bringing the total amount raised in the Series A to $30 million.
The round was led by Meitav-Dash, a TSE-traded Israeli institutional investment house; Blue Square Israel, the second-largest retail chain in Israel; and Irani Ventures, the investment arm of Irani Corp (Factory 54), the sole representative of the world’s leading fashion brands in Israel.
Resonai has received funding and continued support from existing and new global investors, including SBI, Vive Nevo, Redds capital, and others.
The funding round will be used to finance the continued development and expansion of the proprietary Vera platform and to support sales and marketing programs to build a pipeline for the company’s next round of growth.
Proceeds from Series A will be used to continue Resonai’s growth throughout the U.S., Asia, and Europe.
“All over the world, commercial real estate owners and operators are faced with the reality that their portfolios and traditional business models are under pressure and that their survival is increasingly threatened by broad shifts in society and consumer behavior toward more modern, hybrid, digital ways of living and working,” said Resonai founder and CEO Emil Alon. “At Resonai, our mission is to cultivate a new kind of built environment that can thrive in this rapidly changing world. We do this by empowering commercial real estate owners and operators to transform their physical properties into operationally efficient, intelligent digital assets that enable innovative experiences and create new data-driven revenue models.”
Vera, the Resonai core platform, serves as a new digital infrastructure, enabling powerful technologies like the Internet of Things, artificial intelligence, and augmented reality.
Company: Resonai Inc.
Round: Series A Extension
Funding Month: October 2022
Lead Investors: Meitav-Dash, Blue Square Israel, and Irani Ventures,
Additional Investors: SBI, Vive Nevo, and Redds capital
Company Website: https://www.resonai.com/
Software Category: Computer Vision Enterprise Platform
About the Company: Founded in 2014, Resonai is the leading software company developing solutions to transform physical spaces into intelligent, digitally empowered environments. Its suite of products, including its core platform, Vera, empowers users with a wide range of applications that enhance operations, facility management, and visitor experiences at commercial real estate properties. Resonai has formed partnerships with a growing list of companies across the globe, including Kajima Construction, Takenaka Construction, and GOLDBECK Construction, as well as transportation companies such as JR Tokai and real estate companies such as Vonder Properties in Europe. Resonai has also partnered with a growing list of retail companies, including one of the largest wholesale mall operators in the world.