The reassessment of office space needs that many businesses are making in the face of the coronavirus pandemic has helped the workspace AI start-up XY Sense avoid the dreaded “down round” that plagues start-ups during tech downturns.
The Melbourne start-up has just raised $US8 million ($11.6 million) in a pre-series A round led by the AI venture capital firm InterValley Ventures and backed by the US office automation giant Johnson Controls.
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John Davidson is an award-winning columnist, reviewer, and senior writer based in Sydney and in the Digital Life Laboratories, from where he writes about personal technology. Connect with John on Twitter. Email John at jdavidson@afr.com