LAIIER is thrilled to announce that we raised £1.7M in a seed funding round led by Mundi Ventures, with participation from Burnt Island ventures, endorsing LAIIER's bold vision for creating a digital skin to turn every building into a smart building.
LAIIER was launched in 2021 by founders Matt Johnson, Isabel Lizardi, and Bibi Nelson, LAIIER's Surface to Cloud™ platform is designed to reduce costs associated with damage and inefficiencies in smart buildings through early warnings for events like water leaks.
LAIIER addresses use cases that other sensor platforms cannot, and can outfit everything from an in-construction new build to a centuries-old landmark. LAIIER's big vision is to create physical and digital functionality on surfaces across the building, turning floors, ceilings, and walls into a mesh network of sensors that monitor a building's vital signs 24/7. For further information see the IDTechEx report on Sensors 2021-2041.
LAIIER is launching with a focus on water leaks, representing 40% of commercial insurers' annual claims, with over £1B paid out annually in the UK alone. LAIIER has built an impressive catalog of blue chip customers in commercial property insurance, systems integration, and construction materials. These customers describe the Surface to Cloud™ platform as 'smart tapes and stickers' that install like a second skin onto the smart building or facility, delivering actionable data from buildings that were previously offline and "in the dark."
This seed funding will be used to accelerate product development and build a world-class team based in the company's London HQ.
"Our vision is to reduce waste, cost and impact by generating data from the surface of the smart building and facility in real-time. Creating a truly hybrid physical/digital skin embedded in construction materials." - Matt Johnson, LAIIER CEO, Co-Founder
"By bringing data from a physical to a digital domain, LAIIER gives building managers, facility operators, infrastructure owners, and insurers clarity on the health of their buildings. The LAIIER team has built technical expertise that lets them put sensors where others cannot, collect data others can't access, and ultimately paint an accurate picture of building health that others can't see. The team is mitigating risk to the built world as the natural one around us continues to change, and we're proud to support them." - Eric Slesinger, Principal and Head of Investments, Mundi Ventures.
"Matt, Bibi, Isabel and the LAIIER team have built an exceptional solution to a giant pain point in the buildings industry, with clear expansion potential across a wide range of use cases. We're delighted to help support this next phase of growth for this vital company." - Tom Ferguson, Managing Partner, Burnt Island Ventures.
Source and top image: LAIIER