BOSTON, August 24, 2021 — Lambent, a crowd analysis and intelligence software company, today announced that it has raised $12 million in Series A financing led by Nimble Ventures, with additional new investment from Gutbrain Ventures, PBJ Capital, and Micromanagement Ventures.
Existing investors Glasswing Ventures, Will Ventures, and iNovia Capital also participated in the round.
The Lambent AI-powered platform provides facilities and security teams with an accurate, real-time understanding of how many, and how often people are utilizing different spaces in arenas, buildings, and on campuses. The software enables smarter decisions related to crowd density, space utilization, security, maintenance, and guest experience while also providing easy access to valuable data trends for ROI related to space management.
The company will use the new funding to continue to build out its product platform, add to its team, and accelerate its go-to-market efforts in sports and entertainment venues, and on college and corporate campuses.
“The market for crowd intelligence and analytics in sporting/entertainment venues and college and corporate campuses are poised for exceptional growth over the next few years.”– JULIE JOHNSON ROBERTS, LAMBENT CO-FOUNDER AND CSO
Lead investor Nimble Ventures is the early-stage focused venture arm of the family office of John Burbank, a renowned hedge fund investor who is also an investor in US and international sporting teams.
Nimble Ventures’ Nathan Mee will join the Lambent Board of Directors.
“Lambent has positioned itself as an early innovator in what we believe will be a huge and fast-growing market as venue owners and facilities managers respond to these changes and look for new ways to optimize their space and the guest experience.”– NATHAN MEE, NIMBLE VENTURES
Earlier this year, the Cleveland Cavaliers announced their deployment of Lambent solution to help ensure safety and security for fans and staff at Rocket Mortgage FieldHouse. Los Angeles Football Club (LAFC), part of Major League Soccer (MLS), also utilizes the software at Banc of California Stadium. The University of Tennessee Knoxville has made Lambent part of its smart campus strategy.
Along with the new funding, Lambent also announced the addition of Jonathan Tice as Chief Revenue Officer. In his role, Tice leads Lambent’ market expansion with responsibility for sales and marketing, business development, and strategic partnerships. Prior to joining Lambent, Tice was Chief Customer Officer at FocusVision, a global provider of the survey, research, and analytics software for large enterprises. His background also includes successful sales leadership positions at Decipher, Critical Mix, and Authentic Response.
Lambent provides an AI-powered Software-as-a-Service (SaaS) for crowd analysis and intelligence. By combining data from existing security and IT systems with predictive analytics, the software provides facilities management teams with a real-time visual representation of people and flow within any campus or venue space. Easy-to-use dashboards equip users to anticipate changes and inform decisions to improve guest services, space utilization, operations, staffing, and security. Since its founding in 2016, Lambent has built a team of security and technology experts to deliver world-class solutions to stadiums, corporations, and campuses around the country.
Learn more about how Lambent helps campuses and venues make the most of their spaces.