Daikin invests $2m in US technology company

JAPAN: Air conditioning manufacturer Daikin is to invest approximately US$2m in Silicon Valley-based startup Locix, a company specialising in cloud-based spatial intelligence solutions.

Based in San Bruno, California, Locix employs spatial intelligence solutions that use a combination of indoor positioning technology, advanced AI, and Wi-Fi to acquire and analyze location, as well as spatial and visual data, to enable actionable insights. The data is subsequently employed in automated decision making for critical services. These services include asset management at distribution warehouses and factories, operational efficiency based on the movement of workers, and occupancy monitoring for the advancement of smart buildings. […]

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