Origin AI, a leading provider of WiFi Sensing technology, has successfully closed a $15.9 million Series B extension round, with Verisure serving as the lead investor. The funding round saw participation from new investors, including Okinawa Electric Power Company, and existing investors Verizon Ventures and INSPiRE.
Origin AI specializes in transforming WiFi signals into innovative WiFi Sensing technology, offering precise presence sensing solutions for Fortune 500 ISPs, security, and IoT companies. The company’s applications span property security, smart automations, and eldercare. Origin AI’s patented and award-winning AI enables the detection and verification of human presence with unparalleled accuracy and security.
The newly secured capital will be used to accelerate Origin AI’s growth, expand its product portfolio, and support customer deliveries. Verisure, a leading European provider of professionally monitored security systems, led the investment and expressed confidence in Origin AI’s technology and potential.
Cristina Rivas, Chief Technology Officer at Verisure, commented on the investment, stating, “WiFi Sensing has an exciting potential to complement our security offering and support our mission to provide peace of mind to families and small businesses. As pioneers in our respective fields, we look forward to partnering with Origin AI across our geographical footprint.”
The funding will play a crucial role in advancing Origin AI’s mission of providing reliable, efficient, and innovative WiFi Sensing solutions to customers globally. The company aims to expand its commercial business, broaden its product offerings, and cater to a wider customer base with the support of the new capital.