People and Technology, a provider of real-time indoor geolocation and smart sensing solutions, has secured $9.9 million in a recent funding round. The investment will support the company's mission to transform IoT data into actionable insights for various large facilities. People and Technology's technology helps hospitals, factories, and other organizations track people and assets, aiming to improve safety and optimize operational efficiency.
Founded in 2013, People and Technology has established itself as Korea’s leading Real-Time Location System (RTLS) provider. Its core offering, the INDOORPLUS+ platform, is currently deployed in over 100 locations across sectors including healthcare, manufacturing, finance, and public services. This platform enables organizations to gain critical visibility, increase operational efficiency, and reduce costs by leveraging existing infrastructure. The company is also ISO 27001 and ISO 9001 certified, underscoring its commitment to quality and security.
The newly raised capital is earmarked for strategic growth initiatives. People and Technology plans to use the funds to accelerate its global expansion efforts, building on its established success in South Korea where it is trusted by major hospitals and has received multiple awards for its technology. A portion of the investment will also be directed towards further enhancing the INDOORPLUS+ platform, ensuring continued innovation in its smart sensing and geolocation capabilities.
This funding round signifies investor confidence in People and Technology's proven technology and market potential. The investment positions the company to strengthen its leadership in the RTLS market and expand its reach internationally, driving further advancements in how organizations utilize IoT for operational excellence.
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