# Pillar Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pillar-technologies

- Industry: Software
- Headquarters: New York, US
- Website: www.pillar.tech
- Total disclosed funding: $3.2M
- Latest round: Seed (Aug 31, 2017)
- Investors on record: 5

## About

Pillar Technologies, Inc. specializes in wireless sensor solutions for construction site risk management, providing real-time monitoring of environmental conditions to enhance safety and compliance.Founded in 2015 and headquartered in New York, US, Pillar Technologies offers solutions for construction site monitoring. The company has previously pursued a pivot in their business strategy focusing on advanced sensor technologies. The firm has raised a total of USD 2.75 mn across several funding rounds, with the latest being a Seed round in August 2017 that brought in investments from Hyperplane Venture Capital, Techstars Ventures, and XL Innovate. The CEO of the company is Alexander Schwarzkopf, and the founder is Matt Joyal.Pillar Technologies offers advanced wireless sensor solutions designed for construction site risk management, focusing on real-time monitoring of environmental conditions such as dust, humidity, and temperature. Their core product line includes rugged, smart sensors capable of providing actionable data through automated alerts via text, email, and phone. These sensors utilize edge computing and artificial intelligence to predict potential risks such as fire, mold, and flooding, thereby safeguarding construction sites and ensuring compliance with safety regulations. Pillar Technologies serves a diverse clientele, including construction firms, project managers, and general contractors across geographies such as North America and urban development markets, where there is a pressing need for enhanced site oversight and environmental monitoring.Pillar Technologies generates revenue primarily through a subscription-based model for its sensor solutions and data analytics services. Clients engage with the firm to utilize its flagship products, which include a network of wireless sensors that can be easily deployed on job sites. The transactions typically involve clients subscribing to a service package that encompasses sensor deployment, real-time monitoring, and ongoing data analysis, ensuring proactive risk management. Partnerships with construction firms and project managers enable streamlined access to these services, facilitating effective communication and data sharing. While specific pricing details are not disclosed, the structured service offerings allow clients to choose plans tailored to their monitoring needs and project scopes, enhancing operational efficiency and safety in construction environments.In August 2017, Pillar Technologies raised USD 2.75 mn in Seed financing to enhance their product offerings and expand their market presence. The company aims to introduce new sensor technologies and enhance existing services, targeting expansion in North America and additional urban development markets by 2025. The funding will support the development of these upcoming products and support marketing efforts for geographical expansion.

## Funding rounds

- Seed, Aug 31, 2017, $2.8M — Techstars, XL Innovate, Hyperplane Venture Capital
- Seed, Jul 19, 2016, $0.4M — 1517 Fund, Insure.VC

## Investors

- 1517 Fund (https://capitalatlas.ai/funds/1517-fund) — Seed
- Insure.VC — Seed
- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- XL Innovate (https://capitalatlas.ai/funds/xl-innovate) — Seed
- Hyperplane Venture Capital (https://capitalatlas.ai/funds/hyperplane-venture-capital) — Seed