Singapore, July 6, 2023 –The Internet of Things (IoT) industry’s premier multi-sensing platform and ecosystem enabler, nami, has announced the completion of its Series A financing round, which raised USD 10.5 million from critical investors, including Verizon Ventures, Amavi Capital, INSPiRE, and Aconterra.

Enterprise users may quickly implement situational, motion, and presence-aware IoT services thanks to nami. The business’s full-stack platform ingests raw sensor data, enhances it to create actionable information, and then uses it to start automation throughout the IoT environment, resulting in use cases that have never been seen. With cutting-edge sensor topologies and related intellectual property, nami has created a robust platform for software-based sensing applications during the past two years. With this additional finance, nami will grow its staff and geographic reach and quickly spread its cutting-edge digital sensing infrastructure throughout homes and businesses across three continents.

Jean-Eudes Leroy, co-founder and CEO of nami, said, “this funding round empowers nami to achieve our mission of building an ecosystem of AI sensors that cater to IoT players, internet service providers, insurance companies, and others across multiple verticals.” “Our cutting-edge nami software ensures maximum privacy while providing families with security, safety, and wellness use cases. Additionally, the dashboards and applications of our partners use data from our API to improve health outcomes in various situations, supplement their security solutions, and boost automation.

According to Michelle McCarthy, Managing Director of Verizon Ventures, “At Verizon Ventures, we invest in companies whose innovative solutions leverage 5G and other advanced network technologies to deliver impactful new capabilities for both consumers and business customers.” The skilled and seasoned team at Nami has presented a great new concept for connected homes that will turn them into intelligent living places. We look forward to assisting as they create digital sensing infrastructure for residential and commercial buildings in Asia, Europe, and North America.

The Singapore-based business nami employs hardware-augmented software to offer participants in the Security, Safety, HealthTech, PropTech, and Energy Optimisation domains AI-powered digital sensing solutions. Two of the co-founders of nami, Jean-Eudes and Jérôme Leroy, are involved in the Connectivity Standards Alliance (CSA), serving on the steering committee for the organization’s newest workgroup on health and wellness and as the chair of Matter’s RF Ambient Sensing Workgroup.

The Singapore-based company nami uses hardware-augmented software to provide AI-powered digital sensing solutions to players in the Security, Safety, HealthTech, PropTech, and Energy Optimisation domains. Jean-Eudes and Jérôme Leroy, two of the nami co-founders, are active members of the Connectivity Standards Alliance (CSA), are on the steering committee for the CSA’s newest workgroup on health and wellness, and are the chair of Matter’s RF Ambient Sensing Workgroup.

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Kshitij does business research and content writing for VCBay. Pursuing BBA from Symbiosis Center Of Management Studies (SCMS) Pune, he is skilled in Financial Modeling, Stock valuation and Microsoft Excel. He is passionate about Entrepreneurship and Finance.

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