Deals round-up | Sensat, Bricklane, Beyond Pricing
London- and San Francisco-based Sensat, which uses artificial intelligence and digital twins to calculate infrastructure values, has raised $10m in Series A.
This round was led by Chinese conglomerate, Tencent, along with Moscow’s Sistema Venture Capital.
Sensat plans to expand internationally and triple the size of the team from 30 to 90 people in the next 12 months.
Bricklane, a property investment platform, has raised £4.7m in Series A from VC firms A/O Proptech and DMG Ventures.
Other investors included LocalGlobe, Form Ventures and Clocktower Technology Ventures.
Cornish Lithium has raised £1.4m via crowdfunding from 1,200 investors.
The company is currently working on a government-funded project, with Wardell Armstrong and the Natural History Museum, to find a domestic supply of lithium for the UK. Lithium is used in batteries, grid storage, and electric vehicles.
The funding will be used to drill holes for lithium off the coast of Cornwall. This is due to begin at the end of October.
Cornish Lithium raised £1m in December to find sites.
Beyond Pricing, a platform that allows short-term renters to calculate their costs and set their pricing on Airbnb, has raised $42m in its third funding round, a leap from $3.5m in the first two rounds combined. Bessemer Venture Partners led the round.
The company will use the funding to continue its growth and trial its algorithm with hotels.
Okapi, a commercial real-estate AI platform, has raised $8.4m in its Series A funding.
This round was led by angel investor Marius Nacht, co-founder and chairman of Check Point Software Technologies.
Okapi’s machine learning software assists property managers by spotting problems and raising flags. The system analyses disparate streams of property-related data to provide predictive and targeted insights that improve tenant comfort and increase landlords income opportunities.
Okapi is set to use this funding to expand its team and increase market penetration.