PR97941

SYDNEY, Sept. 20, 2022 /PRNewswire=KYODO JBN/ --

- Celesta Capital and Taronga Ventures lead the $10.3M Series A Round

Calumino, the developer and manufacturer of a proprietary next-generation

thermal sensor technology and AI, today announced its $10.3M USD Series A

funding. 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 on 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 enables new

benefits for a broad range of applications. This includes smart building

management, pest control, safety and security, healthcare, and more. The

Calumino thermal sensor has been natively designed with a sufficiently low

resolution to protect an individual's privacy, which in turn fills 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 hazardous hotspots, fires, water leaks, and other anomalies. This

unique data is essential for saving energy, increasing business operation

efficiencies, increasing security and safety, improving life quality, and

saving lives.

The Series A funding follows the successful commercialization of Calumino's

technology in the areas of commercial building management and pest control.

Most recently, the company has entered the Japanese market with a Mitsubishi

Electric subsidiary as a strategic partner, launching its innovative pest

control product "Pescle" based upon the Calumino thermal sensor + AI.

"We are incredibly excited about this partnership and plan to roll this product

out globally with our partners," said Marek Steffanson, Founder and CEO of

Calumino. "No other technology can differentiate between humans and rodents

reliably, in darkness, affordably, intelligently, and with very low data

bandwidth – but this application is just the beginning. Our technology is

creating an entirely new space in the market and we are incredibly grateful to

our investors for their support as we continue to scale production and enable

the next generation of intelligent sensing to solve important problems."

With its Series A proceeds, Calumino plans to expand existing applications and

create new use cases. The team also plans to further invest in research and

development, as well as expand its global team including new offices in Europe,

Taiwan, Japan, and the United States.

"Calumino's unique technology is helping to drive the proliferation of IoT –

the intelligence of things – and enabling for the first time intelligent

thermal imaging that is cost-effective, privacy-protecting, and scalable to

mass markets," said Nicholas Brathwaite, Founding Managing Partner of Celesta

Capital. "Celesta is excited to offer our financial and intellectual capital

support to help Calumino pursue their bold ambitions in becoming the ultimate

IoT technology."

"Calumino's affordable and intelligent technology is changing the standard of

how we live, work and play in real assets. The unique data and insights that

Calumino is able to provide will enable asset owners to create safe, secure,

and healthy environments using market-leading technology", said Sven Sylvester,

Investment Director at Taronga Ventures.?

About Calumino

Calumino is an emerging deep-tech company, developer and manufacturer of

proprietary and mass-deployable thermal sensors and AI technology. Calumino has

pioneered the world's first privacy-protecting AI thermal sensor platform,

filling the gap between intrusive cameras and low-performance motion sensors to

protect individual privacy while delivering operational insights to a wide

variety of applications. Founded in 2014, Calumino is headquartered in

Australia with clients, partners and teams across the globe and has raised over

$20M USD to date. Learn more at http://calumino.com (https://c212.net/c/link/?t=0&l=en&o=3653145-1&h=1036709857&u=http%3A%2F%2Fcalumino.com%2F&a=http%3A%2F%2Fcalumino.com)

About Celesta Capital

Celesta Capital is a leading deep technology venture capital firm that

leverages synergies between leading centers of innovation in the US, India, and

Israel to create globally impactful enterprises. The Celesta team, with deep

operating experience, has built multi-billion-dollar businesses at companies

such as Intel, Cisco, Apple, and Flex. The firm has funded over 80 technology

companies globally and actively invests in the following verticals: software,

semiconductors, intelligent systems, bioconvergence, and industry transformers.

Learn more at http://celesta.vc (https://c212.net/c/link/?t=0&l=en&o=3653145-1&h=3502497924&u=http%3A%2F%2Fcelesta.vc%2F&a=http%3A%2F%2Fcelesta.vc).

About Taronga Ventures

Taronga Ventures is Asia's 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's 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 amongst others. The funds invest into scalable

technology and innovation that enhances 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 first mover advantage, whilst maintaining a focus on creating a better

built environment, through sustainable and responsible investment practices.

Media Contact:

Renee Rossi

Renee@relativity.ventures

SOURCE Calumino