STAMFORD, Conn.--(BUSINESS WIRE)--Nov 14, 2024--
SwiftConnect today announced the closing of a $37 million Series B financing to expand its access network for connecting people to the right place at the right time. The company’s latest investment round is led by Quadri Ventures, with participation from new investors HID (part of ASSA ABLOY), Egis Capital Partners, and Klingenstein Fields Advisors. Returning investors include Crow Holdings, JLL Spark, Navitas Capital, Tanzola Corp., and Spring Rock Capital. In addition to expanding the company’s access network, the funding will be used to scale operations, drive geographic expansion, and support new product initiatives. SwiftConnect has raised $74 million in total funding to date.
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“We are thrilled to make a significant further investment in SwiftConnect, recognizing the company’s innovative solution for physical access, driven management team, and viral market adoption with major enterprise brands and real estate customers,” said Chris James, Managing Partner atQuadri Ventures, a venture capital firm focused on enterprise software. “We are fully committed to supporting SwiftConnect’s next phase of growth as we embrace its transformative vision of being the global network for access to everything people need, when they need it.”
SwiftConnect’s success is grounded in its ability to automate, centralize and digitize access management, user provisioning, and credential lifecycle management. This gives people the freedom to use their mobile access pass in NFC wallets and any other credentials to conveniently access buildings, offices and enterprise resources, amenities, and much more–regardless of the existing access control, identity management and building systems in place.
“Our Series B fundraise signals strong and ongoing investor confidence in SwiftConnect as we continue to reshape the physical access paradigm,” said Co-CEOs Chip Kruger and Matt Kopel of SwiftConnect. “As the network that powers a hassle-free experience for accessing places, spaces and things, SwiftConnect combines our vast partner ecosystem and vendor-neutral SaaS platform with our customer base of multinational organizations, iconic commercial real estate properties and portfolios, and other organizations to deliver the future of truly connected access and identity management. The new funding will continue to drive our leadership position in making seamless and secure access to anywhere possible so people can more easily access the most important things in their lives.”
SwiftConnect is live in hundreds of millions of square feet across multiple types of customers and vertical markets, globally. The company’s current customer base represents a potential opportunity of over a billion square feet of office space and more than two million users. SwiftConnect’s market traction includes:
Following on from SwiftConnect’s acquisition of Detrios, the company recently purchased UK-based FlitchTech to expand its ability to provide highly complex access control integration services across multiple continents, while increasing its footprint in the higher education vertical. SwiftConnect has also extended its expertise into the high-end multifamily rental market and has completed deployments in North America.
Supporting Quotes
The company’s momentum is powered by its AccessCloud platform, the backbone of the SwiftConnect access network. Built for interoperability, the SaaS platform integrates mobile wallets, credential technologies, readers, locks and devices, access control systems, identity providers, and other business systems that govern physical access across multiple locations worldwide.
About SwiftConnect
SwiftConnect is the access network for connecting people to the right place at the right time. We delight users with elegant ways to interact with places, spaces and things by ensuring your digital pass is on your phone, watch or anywhere it needs to be. Powering connected access experiences for commercial real estate owners and enterprises across financial and professional services, life sciences, technology, and other leading organizations, our platform integrates with existing mobile platforms, credential technologies, and business systems to provide authorized access to everything, everywhere through centralized access management. We provide a street-to-seat journey that users love, automation that redefines operational efficiency, and a foundation of security and privacy that administrators trust so you can navigate your world better For more information, visit. www.swiftconnect.com and follow us on LinkedIn.
SwiftConnect Raises $37 Million of Financing in Series B Round
An An and Ke Ke, recently gifted to Hong Kong by the central government, met members of the public for the first time on December 8.
Vital expertise: Ocean Park Zoological Operations Assistant Curator Elke Wu says experts from the China Conservation & Research Centre for the Giant Panda have given the care team invaluable assistance. Source from news.gov.hk
Under the dedicated care provided at Ocean Park, the two lively giant pandas are adjusting well to their new environment, and have been eating and sleeping well.
The park is providing specialist training for the pandas, to make it easier for caregivers to perform dental and blood pressure checks, draw blood samples, and even undertake ultrasound examinations, without the need for anaesthesia.
Ocean Park Zoological Operations Assistant Curator Mandy Tang explained that adult giant pandas are large and powerful, and that their bite force is very strong. This means health checks must be performed with care inside their dedicated training cages.
"By just calling [a panda's] name, if he is willing to come close and allow you to hand-feed him, this is already a basic part of his caregiving training."
An An has already learned to walk from the exhibition area to his training cage on hearing Mandy's call. On arriving in the cage, he extends his hand and makes a fist.
The caregivers have carried out what they call “desensitisation” training with An An. This allows them to use a trimmer on his fur, apply disinfectant to his skin, and gently apply a syringe to his arm, without him becoming frightened. As a reward for accepting their care without fuss, he is given apple slices.
"Giant pandas are very smart,” Mandy stressed. “Step by step, we teach him to touch a target stick with his nose. With the help of the target stick, we can lead him from one place to another, and he can even lie down for us to measure his body temperature.”.
Meal preparation: The giant pandas’ diet includes bamboo, bamboo shoots, vegetables, high-fibre cookies and freshly steamed "wo wo tou". Source from news.gov.hk
Nutritious diet
Giant pandas eat four meals a day. Their staple food is bamboo from Sichuan and Guangzhou.
The caregivers store the bamboo in a food cabinet that is temperature-controlled and has a sprinkler system to keep the plants fresh.
"The supply and taste of bamboo is greatly affected by weather and environmental factors such as water and soil,” Mandy said. “We provide each giant panda with five to six different types of bamboo daily."
Their diet also includes bamboo shoots, fruit, vegetables, and high-fibre cookies. Like humans, individual pandas have different preferences. While An An loves apples and carrots, "wo wo tou" is Ke Ke's favourite.
"Wo wo tou is freshly made by us from rice flour, soybean flour, and cornmeal, mixed with eggs,” Mandy explained. “The ingredients are kneaded like bread dough, and then steamed."
Giant pandas in the wild spend a lot of time looking for food. Accordingly, Ocean Park has enriched the pandas' environment with items they can play with and which allow them to “forage” even in a captive environment where there is sufficient food.
"We want them to use their intelligence, and their sense of taste, smell, and sight, to forage, which is good for their mental health."
Both five years old – roughly equivalent to 15 years old for a human – An An and Ke Ke have entered what is considered to be adulthood for giant pandas. Mandy highlighted that spring is the breeding season for the species, and said the park will closely monitor any behavioural changes.
"For instance, we will observe whether Ke Ke rubs her tail on the ground. Giant pandas have glandular secretions in their tails, leaving behind a unique scent, which is an important sign of entering their mating season."
Mental stimulation: “Environmental enrichment” items such as this ball allow the pandas to simulate the process of foraging for food in a captive environment. Source from news.gov.hk
Future attractions
The first panda twin cubs born in Hong Kong are anticipated to be another huge attraction at Ocean Park.
Currently about four months old, the twins' canine teeth are now becoming visible.
Ocean Park Zoological Operations Assistant Curator Elke Wu said pandas feel itchy in their mouths and often want to chew on things at the teething stage.
"When they reach seven to eight months old, they will begin to pick up leftover bamboo leaves or other solid food from their mother and learn to chew. We will then let them try softer foods like bamboo shoot granules."
She added that with the twins' forelimbs growing strong, they can now support themselves to crawl forward, meaning that they will probably soon learn to stand up and walk.
Close monitoring: Ocean Park Zoological Operations Assistant Curator Mandy Tang says she will observe any behavioural changes in Ke Ke during the breeding season. Source from news.gov.hk
Expert guidance
Elke has been working at Ocean Park for 17 years and has cared for older giant pandas such as the late An An and Jia Jia, as well as Le Le, Ying Ying – the twins' mother – and now her precious offspring.
She said that she was honoured to have experts from the China Conservation & Research Centre for the Giant Panda assisting the Ocean Park team with delivery and rearing, and stressed that their experience in panda care has been vital.
"From the beginning, we all followed the teachings of the experts. In the first few days after Ying Ying's labour, we were reluctant to leave because the experience was so valuable. From choosing the delivery room and the facilities in the nursery to the amount of milk fed to the cubs, we heavily relied on the experts' invaluable experience."
She added with a smile that while most mother pandas like to eat honey, Ying Ying is not a big fan. With the help of the experts, however, the team discovered that she is fond of electrolyte water, which turned out to be useful in getting her to eat and aided in her postpartum care.
Desensitisation process: Caregivers gently touch An An’s arm with a syringe to familiarise him with the blood-drawing process. Source from news.gov.hk
