Australian startup Lighthouse.io raises $1.25m for US expansion
Lighthouse.io, a startup that uses intelligent inputs from Internet of Things (IoT) sensors and third party integrations to disrupt unsexy labor based industries like cleaning, security and maintenance, has closed $1.25m in seed funding.
Hailing from Australia, Lighthouse.io’s funding was led by Tamarisc, an early stage venture capital firm that invests in real estate technology companies.
Companies using Lighthouse.io equip their workers with a mobile app that leverages tech like Bluetooth beacons to deliver contextual information based on their exact position. This includes task lists, instructions, safety content and alerts for service workers at facilities like shopping malls, airports, hospitals and stadiums.
The platform provides executives with real-time and historical data about their workforce that enables better decision making around labor management. The end result is more efficient service delivery, improved worker safety and reduced operational costs.
Patrick Carne, Lighthouse.io CEO, said, “We see a huge opportunity to disrupt labor based industries that are using extremely inefficient, manual and paper based processes.
“From a usability perspective, existing enterprise software platforms have set the bar low. We intend to not only become the system of record for workers in these industries, but to create experiences that delight workers.”
Lighthouse.io differentiates from competition by combining a mobile experience with sensor based inputs to understand a worker’s current context and then deliver a highly relevant workflow that helps them be more effective at their job.
David Bates from Tamarisc who is joining the board on behalf of the investors, added, “We’ve looked at a plethora of location-based technologies that all seemed to be a solution in search of a problem. Lighthouse is different in that it was built from the ground up to address key industry pain points and solve real problems.
“This became increasingly apparent the more we spoke with current and potential customers, some from our own portfolio, who raved about how the platform significantly reduces costs and liability while clearly increasing operational efficiencies. We are thrilled to join Lighthouse and look forward to helping it grow and continue delivering value to its customers”
Lighthouse.io is already driving operational improvements at shopping malls, airports, train stations and corporate campuses throughout Australia and the United States.
The current round of funding will be used to accelerate product development and growth in the US market. It will also facilitate exploration of horizontal markets such as real estate and health care.
Joining Tamarisc in the round are Morningside Technology Ventures, a global investor in healthcare, real estate and technology, and Storm Industries Investments.
Future features include a flexible If-This-Then-Than (IFTTT) rules engine that will be able to detect changes from sensors and other web services and then trigger outputs to relevant workers, integration with existing systems such as time and attendance and work order management, and advanced analytics capability.