Singapore-based smart living company HiLife Interactive announced today it has secured SGD8 (US$6) million in Series A funding from Shanghai 2345 Network Holding Group, an internet information services provider and software developer in China.
With the new financing, HiLife will continue to invest in technological capability development to enhance its solution.
HiLife Interactive expects to double its presence in Southeast Asia with new markets such as Cambodia and plans to break into the Australasia and European markets by the end of 2021. It will bring its hiLife smart estate solution into commercial, hospitality, healthcare and educational institutions with the investment from Shanghai 2345 and its technological know-how.
Established in 2015, HiLife Interactive is a smart living company providing its hiLife solution to residential projects in Southeast Asia. The all-in-one app combines smart home, smart community and smart estate in a single holistic solution for both residents and estate managers.
The hiLife 360° Smart Access system features visitor management and vehicle management capabilities supported by licence plate recognition technology to enhance convenience and security.
Estate managers can also better oversee the development with hiLife’s smart estate solution that allows them to manage facilities, feedback, payments, contracts, residents, visitors and assets such as the security system, lighting and energy meters through a dashboard.
Estate managers of properties such as schools and hospices can benefit from enhanced productivity, efficiency and security with hiLife. For example, its asset management system allows real-time monitoring of the facility’s security system, visitor system as well as lighting and energy meters to detect incidents and inefficiencies.
Today, HiLife works with over 30 property management companies to provide its solution to over 80,000 households in more than 300 condominiums in Singapore.
hiLife currently has a presence in Indonesia, Malaysia, the Philippines, Sri Lanka, Thailand and Vietnam.
“The hiLife platform has played a significant role in keeping people safe in this pandemic. Beyond convenience, it enabled contactless living. Homeowners could book limited slots at condominium facilities without any face-to-face contact. In fact, our visitor management platform, complemented by Licence Plate Recognition technology, made it easy for both residents and security guards to manage the increase in online shopping deliveries,” said Sam Ho, Deputy CEO, HiLife Interactive.
“Singapore is a regional hub for tech and startups. Its startup ecosystem is an exciting space to be in. HiLife’s smart lifestyle solution will bring value to the digitally-savvy populations with the digital industry booming as a result of the pandemic. We are proud to support HiLife Interactive as they grow the hiLife platform into the leading smart lifestyle platform in Southeast Asia and beyond,” said Han Meng, Founder, Shanghai 2345.
Image Credit: HiLife Interactive
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