Proptech firm UV Angel, which uses Internet of Things technology combined with cloud computing and ultraviolet lighting equipment to reduce bacteria, fungi, and viruses, received an $11 million investment from Pallas Ventures.
Pallas had more quietly released the news in mid-July, but now has gone with far broader distribution to announce the investment. The firm made the investment "after significant market and technology advances by the company," according to a Pallas press release.
"The UV Angel platform is the only system on the market that provides a complete end-to-end solution that can monitor building environments, analyze environmental data, integrate with building management systems, and is proven to destroy threats such as mold, viruses, bacteria," the company wrote. "The capabilities of the UV Angel Technology Platforms are supported by thousands of successful in-field deployments as well as numerous peer reviewed and published studies."
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Part of the investor's interest comes from its interest in national security and defense. "The venture funding will be used to further expand rapidly growing business in defense, education, and healthcare markets," Pallas said. "As the Department of Defense and other government agencies face mold and other Indoor Air Quality (IAQ) issues, UV Angel provides an IoT based solution that delivers technologies to monitor and create safer and healthier environments for building occupants by neutralizing hazards, including fungi such as molds, bacteria, and viruses."
The technology would also have applications in office spaces, industrial, common areas in multifamily, medical offices, restaurants, retail, schools, hotels, and more.
"Frequently touched surfaces are being interacted with faster than they can be wiped down. Using an intelligent, automated ultraviolet light treatment platform, UV Angel can add an extra layer of safety by neutralizing potential threats," the company says on its webpage. "UV Angel Adapt will monitor frequently touched surfaces or devices, breaking down the bacteria at the cellular level and neutralizing it with greater than 99% effectiveness."
The company also has a product line that installs into traditional ceiling light fixtures. It uses ultraviolet light to "automatically and continuingly treat the air."
UV Angel has an extensive set of expert testimonials on its homepage, discussing the value of the product.
Unlike some types of UV sanitation products, the company claims that its ones are safe for use in occupied spaces and that they do not use "harmful chemicals or byproducts."
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