XY Sense

XY Sense is a proptech company that provides occupancy sensor hardware and AI-enabled analytics software to monitor, analyze, and optimize commercial real estate portfolios. Its flagship offerings include the Area Sensor and Workplace Analytics platform, which capture real-time, accurate office occupancy and people movement data to drive workplace insights and space recommendations. The company's sensor technology is designed to be private and secure, capturing only anonymous data while maximizing coverage using 50% to 75% fewer sensors compared to competitors.

XY Sense's technology delivers extensive coverage with each sensor observing 1,000 sq. ft or space for approximately 20 desks, offering superior location precision within one foot, and location data refreshed every two seconds. This minimizes roll-out costs and strengthens sustainability ratings without compromising accuracy or depth of data. XY Sense experienced rapid growth and enterprise customer adoption post-COVID, reporting a 300% increase in revenue following global rollouts as of June 2022, doubling its annual revenue.

The company's solutions are now used in over 14 countries worldwide, with clients such as CBRE, Xero, Mirvac, and Fidelity International. In July 2022, XY Sense raised an USD 8 million Pre-Series A funding round led by InterValley Ventures, with participation from JCI Ventures and Blackbird. Additionally, it secured USD 2 million in venture debt financing from OneVentures for inventory purchases.

Key customers and partnerships

Key customers of XY Sense include leading companies such as CBRE, Xero, Mirvac, and Fidelity International, spanning industries like automotive, banking, consumer packaged goods, data security, government, internet, media, pharmaceutical manufacturing, software development, technology, and telecommunications across the Americas, APAC, and EMEA regions.

In November 2022, XY Sense won the Innovation of the Year Award at the CBRE Global Workplace Solutions (GWS) Supplier Innovation Challenge, recognizing its innovative contributions to serving CBRE clients. The company's partnership with CBRE has led to installations at CBRE's flagship Henrietta House in London to optimize the workplace experience.

Additionally, XY Sense has formed a strategic partnership with JCI Ventures, the corporate venture arm of Johnson Controls, to potentially integrate its anonymous occupancy sensor technology into Johnson Controls' OpenBlue digital offering for smart, healthy, and sustainable building solutions.