Biosafety Technology Company R-Zero Acquires Leading Workplace Intelligence Platform CoWorkr | Business
SALT LAKE CITY – (BUSINESS WIRE) – July 20, 2021–
R-Zero, the first biosafety technology company dedicated to creating safer and healthier indoor spaces, today announced its acquisition of CoWorkr, the leading real estate technology company offering sensors for the use of the Privacy-driven space for data-driven workplaces. After a $ 41.5 million increase from Series B, R-Zero’s first acquisition accelerates time-to-market of an IoT sensor network that will provide critical real-time visibility and insight into data, enabling intelligent closed-loop automation of R-Zero’s disinfection ecosystem for businesses in all industries.
CoWorkr’s versatile, AI-driven sensor network delivers real-time occupancy streaming for meeting, conference, personal and collaboration spaces. State-of-the-art thermal sensing technology enables the business to prioritize privacy, while providing intelligent and granular analyzes of the workplace. Adding this layer of intelligence enables R-Zero’s biosafety platform to analyze the operation of an entire workplace, assess risks in real time, and then automatically disinfect. the spaces that need it – equipping organizations with a continuous and automated disinfection infrastructure, for the first time. With access to real-time information on the use of their space, businesses can make their health and safety operations more efficient and effective, reducing sick days and associated costs while improving productivity. overall.
“Creating and maintaining physical spaces that promote productivity and health is both the goal and the obligation of every organization. R-Zero’s acquisition of CoWorkr brings a layer of data and intelligence to our biosecurity platform that allows us to create smart, healthy buildings designed for the way people actually interact, ”said Grant Morgan, CEO and co-founder of R-Zero. “The use of space is an essential determinant of risk. CoWorkr’s robust IoT sensor network allows us to quantify health risks better than ever, by understanding where people are in a given space. By closing the loop between occupancy, risk and disinfection, businesses can measure and successfully manage indoor productivity and health with a level of sophistication and ease that has not existed until now. CoWorkr not only brings cutting edge technology and a cutting edge platform, but also a team of thought leaders with deep expertise in workplace intelligence and optimization.
The acquisition also comes at a critical time as businesses across the country begin to return to a permanently altered workplace. Employers must navigate unexplored hybrid work models while ensuring the security of a returning workforce that now has a keen awareness of the impact of indoor environments on their overall health. The combination of R-Zero and cutting-edge technologies from CoWorkr provides the information and tools necessary to enable businesses to make smarter decisions about how to adapt and manage their spaces in response to a post-work environment. constantly evolving pandemic. With comprehensive usage data of their buildings, employers and facility operators can better understand how the workplace is used and effectively adjust the risk profile of their spaces – prioritizing health and safety. occupant safety.
“We’ve spent years understanding the CRE landscape and we’ve learned how difficult it is for our customers to create healthier buildings,” says Elizabeth Redmond, CEO of CoWorkr. “Not only are the data resources siled, but the systems are obsolete and very rarely offer a post-build solution. The past year and a half has highlighted the practical shortcomings of the market and we are excited to incorporate CoWorkr’s existing user technology into R-Zero’s product roadmap. Together, we’ll build an unprecedented platform that efficiently manages air quality, space use, and helps people feel they can thrive at work again. Workplaces create community and culture, and we believe it is essential that companies can rebuild spaces to be healthier, safer and more vibrant.
In 2019 alone, lost productivity from disease cost U.S. businesses $ 575 billion. Of that amount, $ 151 billion came from employee sick leave. The past year has brought to light the direct impact of indoor environments on human health in general. The addition of CoWorkr’s IoT sensor network unlocks new commercial real estate capabilities for R-Zero’s biosecurity technology platform. This acquisition enables R-Zero to redefine the overall health of buildings, with biosecurity technology at the center – ultimately fueling a healthier, more productive workplace of the future. Going forward, organizations that successfully adjust and adapt their physical spaces to prioritize productivity and health, will gain a significant competitive advantage.
“CoWorkr’s sensor solution is not only strategic for R-Zero, but it is also central to our long-term vision,” said Morgan. “We will continue to invest heavily in the CoWorkr platform, because creating truly safer and healthier buildings requires this critical layer of intelligence.
R-Zero is the first biosafety technology company dedicated to making the indoor spaces we share safer and clinically clean. Founded to help organizations protect the health of the people they serve, R-Zero is dedicated to developing the most effective and innovative disinfection technologies to reduce the spread of all infectious diseases. R-Zero’s first product, Arc [an IoT-enabled, whole-room UV disinfection device] currently enables a higher level of health safety for hundreds of thousands of people, in public and private sector organizations, without the use of chemicals. Today, R-Zero is the pioneer of the first continuous and automated disinfection ecosystem, enabling every organization to measure and manage indoor health with a level of sophistication and ease that has not existed until now. Powered by data science, built with hardware connected to AI, ML, and IoT, R-Zero’s intelligent biosecurity platform delivers better visibility, automation and risk reduction even smarter in indoor spaces where people spend their time. R-Zero is backed by leading venture capital firms, DBL Partners, World Innovation Lab, SOSV / HAX, as well as thought leaders from the healthcare, hospitality, sports, commercial real estate, impact and others. For more information, visit www.rzero.com.
CoWorkr is a leading workplace technology company that provides a real-time anonymous platform to measure how employees use spaces. Their easy-to-deploy infrared and battery-powered sensors collect data without compromising worker privacy. Workplace usage data is used to help organizations move from assigned work arrangements to more modern agile or hybrid work models. This real-time usage data is leveraged for workplace experience applications, while historical data is used by the real estate team for planning and future transitions. CoWorkr has disseminated over 8 million days of data for its clients and has helped large Fortune 500 companies save millions of dollars in annual commercial real estate costs by identifying vacancies in underperforming spaces. Stakeholders of workplace occupancy data include corporate real estate, employee experience teams, and are rapidly becoming a value add-on to facilities and janitorial services. CoWorkr was founded by Elizabeth Redmond and Keenan May. For more information, visit http://www.coworkr.co.
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CONTACT: Media contact:
Alyssa Harker / R-Zero
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INDUSTRY KEYWORD: COMMERCIAL AND REAL ESTATE BUILDING OTHER PROFESSIONAL SERVICES CONSTRUCTION AND REAL ESTATE DATA MANAGEMENT TECHNOLOGY HUMAN RESOURCES FINANCE PROFESSIONAL SERVICES GENERAL HEALTH INFECTIOUS DISEASES RISK CAPITAL BIOTECHNOLOGY SOFTWARE NETWORKS HEALTH
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PUB: 07/20/2021 10 a.m. / DISC: 07/20/2021 10:01 a.m.
Copyright Business Wire 2021.