KUALA LUMPUR, July 17 -- Cohesion has raised US$6.5 million in seed funding to further invest in its platform, helping commercial real estate operators integrate their buildings’ systems, enhance tenant experiences and provide actionable insights. (US$1 = RM4.265)
Led by Hyde Park Angels (HPA), the seed round also includes investments from Singapore-based multi-national real estate group, Frasers Property Group; Raj Gupta, Executive Chairman of ESD Global; and, Ken Griffin, Citadel founder and Chief Executive Officer (CEO).
As part of the investment, Steve Koch, the former Global Chair of M&A at Credit Suisse and HPA member, is joining Cohesion’s board of directors.
“COVID-19 has presented the commercial real estate industry with never-before-experienced pressure, forcing adaptation to reprioritised tenant needs of health and safety,” said Cohesion CEO and Co-Founder, Thru Shivakumar.
“Cohesion’s technology makes it much easier for owners and operators to meet this moment by equipping them with an all-in-one platform that predicts and adapts to their building’s environment and tenants’ needs.”
Meanwhile, Koch said: “With this funding in place, Cohesion will continue advancing building intelligence capabilities to unlock an entirely new class of buildings that are more flexible, resilient and data-enabled.”
Cohesion, via ‘Voice of the Employee’ survey, showed that after working remotely, most employees want to go back to the office when it is safe to return, and only eight per cent want to permanently work from home.
Making it possible for employees to safely return to work requires the implementation of smart building technology.
-- BERNAMA
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