The seed round was led by Episode 1 to support the company in developing its fulfilment service.
"We started experimenting with selling online to see what problems sellers face and it was amazing how quickly it became obvious to us that this was the major one. Quite literally, no fulfilment service would touch us until we could guarantee high volume sales."
Tencent led the Series A financing to support team expansion and international growth at SenSat.
"Using AI-powered digital twin technology to replicate the real world in a digital capacity is the next step towards using data to make better decisions, not only in Infrastructure but in how we impact the world as people. SenSat has scaled rapidly in the past year, and we have big plans for this first major round of investment, adding to our world-class AI expertise, and enabling fresh partnerships with innovators in a range of different fields. With Tencent, we share similar ambitions about the impact of enterprise internet on laggard industries and how that can lead to us operating our world more sustainably."
The Series A round was led by A/O Proptech and DMG Ventures with backing from several venture firms.
"The announcement of the recent close of our Series A fundraise comes at an already exciting time for the business, as we invest in technology, people and extend our proposition further. Through the raise we’re delighted to have added new world-class investors with expertise in real estate and capital markets, as well as continuing to be supported by our existing backers."
The Bristol based technology company has raised capital from Harbert European Growth Capital and existing backers to fuel international growth and product development.
"We’re very grateful for the ongoing commitment of our existing investors and welcome Harbert to our exciting journey. This increased investment will be a major part of the growth of the company as we ramp up the rollout of our exceptional XVF3510 2-mic voice interface and accelerate our AIoT roadmap."