Ruthvik
Sep 7,23
1 mins read
Occuspace Secures $3.6M in Seed Funding to Propel Expansion and Occupancy Monitoring Technology Innovation
Occuspace, a Los Angeles, CA-based developer of occupancy management technology, raised $3.6M in Seed funding.
The round was led by Okapi Venture Capital and joined by Cove Fund, Shadow Ventures, and Hamilton Ventures.
The company intends to use the funds to enhance its business development efforts, and further expand its business reach, continue expanding into the corporate office, multifamily, travel, government, and retail verticals where its product-market fit has been established.
Led by CEO Nic Halverson, Occuspace provides an occupancy management solution that helps customers measure and optimize the use of their physical spaces to improve utilization, make informed operational decisions, reduce real estate costs, and enhance visitor experiences. It features privacy-friendly IoT tracking technology and consumer iOS and Android app, Waitz, which allow institutions, property owners, and patrons to monitor crowd levels in a given space in real time.
Customers, that include UC San Diego, UCLA, Columbia University, Purdue University, Boston College, Baylor University, and more, leverage its data to design and manage the use of physical spaces to improve operations and visitor experiences.
