Global: Daikin Invests in U.S. Company Locix for Acceleration of AC Solutions Business

April 16th, 2020

Daikin Industries, Ltd. announces that it has recently underwritten approximately 2 million U.S. dollars (approximately 216 million yen) for a capital increase through third-party allocation by Silicon Valley-based startup Locix, Inc.

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 utilized to provide 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.