Awair, the intelligent air quality monitor device, developed by Korean startup Bitfinder, has successfully raised $10 million in Series B funding. The startup got its latest investment led by The Westly Group, Altos Ventures, Emerson Electric, iRobot, and Nuovo Capital.
VC support for ‘Clean Technology’
Participation by The Westly Group in funding for Awair is a major boost for clean technology. The venture firm has focused on creating a sustainable future through its investments such as the electric car giant Tesla, power-grid inspection drone developer Sterblue, safety robotics startup Gecko Robotics, and real estate project management platform Honest Buildings.
“Over the last few years, we have been impressed with the insights Awair has provided on how our environment directly affects our well-being,” Steve Westly, Managing Partner for The Westly Group, told media while talking about the funding. “We’re confident that Awair will continue to empower people with real data that allows them to live a healthy lifestyle.”
Startup to boost production with funding
The latest funding is likely to help the startup increase the production of its flagship product – Awair, which has seen quite a rise in demand. The startup will also invest in further research and development for new improvised products and expand the sales. The San Fransisco and Seoul-based startup has raised more than $21 million to date.
Awair was launched in 2015 and is one of the top providers of consumer air quality monitors. The device is globally distributed and has been sold in over 3,000 cities across the world.