Celesta Capital and Taronga Ventures lead the $10.3M Series A tower
SYDNEY, September 20, 2022 /PRNewswire/ — Calumino, the developer and manufacturer of proprietary next-generation thermal sensor and artificial intelligence technology, today announced its $10.3M Series A funding in USD. The funding round is led by Celesta Capital and Taronga Ventures, with additional participation from Egis Technology and others. Calumino’s innovation offers the first-ever intelligent sensing platform, which is an aggregator of new and valuable data points about human presence, activity, hazards and the environment.
As the world’s first thermal sensor to combine AI with high-performance image sensing, privacy protection and affordability, Calumino’s platform offers new benefits for a wide range of applications. . This includes smart building management, pest control, safety and security, healthcare, and more. The Calumino thermal sensor was natively designed with a resolution low enough to protect an individual’s privacy, bridging the current market gap between intrusive IP cameras and low performance motion sensors.
Sensing temperatures rather than light, the Calumino thermal sensor maps environments, assets and individuals and has the ability to detect human presence, activity and posture. It can also differentiate humans from animals and detect dangerous hot spots, fires, water leaks and other abnormalities. This unique data is essential for saving energy, increasing the efficiency of business operations, increasing safety and security, improving quality of life and saving lives.
The Series A financing follows the successful commercialization of Calumino’s technology in the areas of commercial building management and pest control. More recently, the company entered the Japanese market with a subsidiary of Mitsubishi Electric as a strategic partner, launching its innovative pest control product “Pescle” based on the Calumino + AI thermal sensor.
“We are extremely excited about this partnership and plan to roll out this product globally with our partners,” said Marek Steffanson, Founder and CEO of Calumino. “No other technology can reliably differentiate humans from rodents, in the dark, affordably, intelligently and with very low data bandwidth – but this application is just the beginning. Our technology is creating a entirely new space in the market and we are extremely grateful to our investors for their support as we continue to ramp up production and enable the next generation of smart sensors to solve important problems.”
With its A-series product, Calumino plans to extend existing applications and create new use cases. The team also plans to invest more in research and development, as well as expand its global team, including new offices in Europe, Taiwan, Japanand United States.
“Calumino’s unique technology is helping to drive the proliferation of IoT – the intelligence of things – and for the first time enables intelligent thermal imaging that is cost-effective, privacy-protecting and scalable for mass markets,” said declared Nicholas Brathwaite, founding managing partner of Celesta Capital. “Celesta is thrilled to offer its financial and intellectual capital support to help Calumino pursue its bold ambitions to become the ultimate IoT technology.
“Calumino’s affordable and intelligent technology is changing the way we live, work and play in real assets. The unique data and insights Calumino is able to provide will enable asset owners to create safe, secure and healthy using state-of-the-art technology,” said Sven SylvesterChief Investment Officer at Taronga Ventures.
Calumino is an emerging high-tech company, developer and manufacturer of proprietary, mass-deployable thermal sensors and artificial intelligence technology. Calumino pioneered the world’s first privacy-protecting AI thermal sensor platform, bridging the gap between intrusive cameras and low-performance motion sensors to protect individual privacy while providing operational information to a wide variety of applications. Founded in 2014, Calumino is headquartered in Australia with customers, partners and teams around the world and has garnered over 20 million US dollars nowadays. Learn more about http://calumino.com
About Celesta Capital
Celesta Capital is a leading deep technology venture capital firm that leverages synergies between leading innovation hubs in the United States, Indiaand Israel to build businesses with global impact. The Celesta team, with deep operational experience, has built multi-billion dollar businesses at companies such as Intel, Cisco, Apple and Flex. The company has funded more than 80 technology companies globally and actively invests in the following verticals: software, semiconductors, smart systems, bioconvergence and industrial transformers. Learn more about http://celesta.vc.
About Taronga Ventures
Taronga Ventures is from Asia leading technology and innovation investor focused on the real-asset sector. The group consists of funds, RealTechX innovation programs and Taronga Advisory with offices in Singapore and Australia. Taronga Ventures funds are backed by global institutional investors and major real estate owners including APG, Ivanhoé Cambridge, CBRE Inc., PGIM Real Estate, Mitsubishi Corporation, Nomura Real Estate, Patrizia AG, Dexus, Vicinity Centres, Qantas Superannuation, among others. The funds invest in scalable technologies and innovations that improve real asset sectors, including real estate, infrastructure and the broader built environment. Taronga Ventures is focused on investing in strategic opportunities and providing its institutional partners with a first-mover advantage, while emphasizing the creation of a better built environment, through sustainable investment practices and responsible.