To meet growing demand, AI Proptech company, Hipla raises pre-series A

SINGAPORE and KOLKATA, India, July 14, 2021 /PRNewswire/ — To meet the growth in demand from enterprise customers, Hipla Technologies has raised a pre-series A round of USD500,000. This capital injection will bolster and accelerate Hipla Technologies product distribution for their 360* Facility and EHS(Environment, Health, and Safety) management solution stack.

Mr Sandeep Kaul, the CEO, shared his thoughts behind the recent spurt in product demand, “Every office and workspace is now looking to accommodate a Hybrid setup. Even before the pandemic, leading facility and admin managers were focussed on digitally transforming their offices and factories. Keeping this in mind, a fullstack, ready to use product that comes with inbuilt workflows has finally provided managers with a solution they can depend on.”

Hipla’s goal is to improve the experience of a billion+ people at their workplaces every day and its plug and play solution automates Access Control, Facility Management and Safety and Security Compliance.

Hipla’s customers do not need to buy additional hardware and the solution integrates with their existing hardware. The product is “ready to deploy” out of box and blends with the customer’s brand.

The solution led by a team of domain-experts leverages advanced artificial intelligence, big data and computer vision to create intuitive automation and insight-driven solutions for enterprise workspaces, factories and educational campuses.

“Hipla has – over the years – carved a special place for Office and Campus automation. We are a one-stop-shop for facility managers, EHS heads and business owners- giving them a consolidated platform to use, analyze and bundle various apps for 360 degree facility, safety and security management.”- Sandeep Kaul, CEO, Hipla Technologies.

He also added “More than 40% of Hipla’s current client base are Fortune 500 companies and our plan is to deploy this capital to fulfil demand and maximise sales effort to effectively distribute our product to those who need it, from manufacturing hubs, office campuses, schools to medical centres and ancillary units.”

Mr. Puneet Aggarwal (Multi asset investor), Mr. Deepak R.(Real Estate Developer) and other senior professionals from US investment bank and PE fund participated in this round.

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