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Serenity Secures $5.5 Million in Series A Funding

Serenity Secures $5.5 Million in Series A Funding

November 20, 2024 Craig Etkin

Investments to Fuel Innovation and Expand Serenity’s Market Reach with AI-Driven EHS Solutions

November 14, 2024 08:30 AM Eastern Standard Time

SAN DIEGO–(BUSINESS WIRE)–Serenity, a leader in innovative, AI-powered Environmental, Health, and Safety (EHS) software solutions, today announced the successful close of a $5.5 million Series A funding round. The investment was led by Allegion Ventures, with follow-on participation from existing investor Base10 Partners.

“We’ve been very impressed by the Serenity leadership team and the customer experiences they’re building to drive new value in this space that’s adjacent to Allegion’s work in physical security but still very relevant to the future of creating a safer world.”Post this

With the support of Allegion Ventures, Serenity also gains a strategic investor well-versed in redefining safety through innovation. This investment will propel the company into its next phase of growth, accelerating product development, expanding the team, and driving sales and marketing efforts to unlock new markets.

“Partnering with Allegion Ventures marks a pivotal moment for Serenity,” said Peter Oneppo, Co-Founder and CEO of Serenity. “Their investment, along with the continued support from Base10, not only validates our mission but accelerates our ability to transform safety and security management with AI-driven solutions. We’re committed to helping organizations engage with employees, enhance safety and security, and streamline operations to achieve superior outcomes and gain the peace of mind they deserve.”

This strategic investment underscores Allegion Ventures’ confidence in Serenity’s ability to reshape the EHS landscape with its ready-to-use, AI-powered platform. As Serenity continues to evolve, customers will benefit from smarter, more efficient tools designed to proactively manage safety, compliance, and operational risks.

“Serenity is leveraging modern cloud-based software that is scalable and adaptable, as well as a unique AI copilot that drives actionable EHS insights, ultimately making it easier for organizations to be safer,” said Bobby Prostko, managing director of Allegion Ventures. “We’ve been very impressed by the Serenity leadership team and the customer experiences they’re building to drive new value in this space that’s adjacent to Allegion’s work in physical security but still very relevant to the future of creating a safer world.”

Base10 Partners’ continued backing highlights Serenity’s steady growth and potential. With this additional funding, Serenity is poised to unlock new opportunities across industries, further solidifying its position as a game-changer in EHS management.

ABOUT SERENITY

Serenity is a leader in AI-powered Environmental, Health, and Safety (EHS) software, delivering flexible, ready-to-use solutions for businesses of all sizes, both within and beyond the ServiceNow ecosystem. Serenity is dedicated to protecting employee well-being, ensuring safety and compliance, and safeguarding brand reputation through our advanced, user-friendly solutions. For more information about Serenity, visit serenityehs.com.

About Allegion Ventures

Allegion Ventures is the corporate venture fund of Allegion. It invests in and accelerates the growth of companies with innovative technology or software that bridge physical and digital security and create seamless user experiences. For more information, please visit www.AllegionVentures.com.

About Base10 Partners

Founded by Adeyemi Ajao and TJ Nahigian, Base10 is a San Francisco-based venture capital fund investing in founders who believe purpose is key to profits and companies that are automating sectors of the Real Economy, including transportation, healthcare, retail, logistics, and construction. The Advancement Initiative, Base10’s growth-stage fund, donates 50% of profits to Historically Black Colleges and Universities to support financial aid and other key initiatives. Portfolio companies include Notion, Figma, FTX, Nubank, Nowports, Motive, Chili Piper, and Popmenu. Connect via base10.vc.

Contacts

Serenity Media Contacts
Kris Markham
Co-Founder & CRO
kris.markham@serenityehs.com

Peri Boylan
Marketing Manager
peri.boylan@serenityehs.com

(c)2024 Business Wire, Inc., All rights reserved.


Venture Capital
Business Wire, California, San Diego, Serenity, Venture Capital

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TAE Technologies, the leading fusion energy company developing the cleanest and safest approach to commercial fusion power, today announced that it has raised more than $150 million in its latest funding round, exceeding the company’s initial target for the round. Chevron, Google and NEA participated in the round, among other new and existing investors. TAE has the option to raise additional capital as part of this funding round. With more than $1.3 billion in equity capital raised since inception, this latest fundraise further validates TAE’s distinctive approach to commercial fusion.

In a statement Michl Binderbauer, CEO of TAE Technologies, said: “Fusion has the potential to transform the energy landscape, providing near-limitless clean power at a time when the world’s energy needs are growing exponentially due to the growth of AI and data centers. TAE’s technology uses the soundest physics to deliver superior performance in a compact machine, with attractive economics and best-in-class maintainability. We are leading the charge to develop revolutionary fusion technology for full-scale commercial deployment.”

TAE was founded in 1998 to develop commercial fusion power with the cleanest environmental profile. The company has established itself as a leader in an industry that has the potential to transform the energy economy. Since 2014, TAE and Google Research have worked together to accelerate fusion science using cutting-edge machine learning. Google engineers worked onsite at TAE facilities to co-develop advanced plasma reconstruction algorithms, leading to significantly improved plasma lifetime and performance. Fusion is nature’s preferred source of energy. It is the same process that powers the sun and stars, and it is what makes life viable on Earth. When lighter elements fuse under immense heat and pressure, they form new elements and release a tremendous amount of energy. This process is safer than conventional nuclear power because fusion can be stopped at any time – eliminating the risk of a power plant meltdown. TAE remains singularly committed to advancing the frontiers of science and innovation to benefit humanity. With a steadfast resolve to redefine the energy landscape, TAE Technologies is at the forefront of the fusion revolution, poised to usher in a new era of sustainable and limitless power generation for a better tomorrow.
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Joby Aviation, a company developing electric air taxis for commercial passenger service, announced the successful closing of the first $250 million tranche of a previously announced strategic investment from Toyota Motor Corporation. The funding marks a significant milestone in strengthening the long-term collaboration between the two companies and supports their shared vision for the future of air mobility. The investment is aimed at supporting certification and commercial production of Joby’s electric air taxi. This underscores the mutual commitment to deepening integration and delivering next generation travel to global markets. This investment also puts the two companies a step closer toward a strategic manufacturing alliance.

In a statement JoeBen Bevirt, founder and CEO of Joby said, “We’re already seeing the benefit of working with Toyota in streamlining manufacturing processes and optimizing design.” “This is an important next step in our alliance with Toyota to scale the promise of electric flight. With this capital and Toyota’s legendary production expertise, we’re enhancing our ability to scale cutting-edge design and manufacturing to meet the demands of our partners and customers.”

Joby Aviation is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. Powered by six electric motors, their aircraft takes off and lands vertically, giving it the flexibility to serve almost any community. Flying with Joby might feel more like getting into an SUV than boarding a plane. The company's aerial ridesharing service will combine the ease of conventional ridesharing with the power of flight. A green alternative to driving that's bookable at the touch of an app. With more than 30,000 miles flown on full-scale prototype aircraft, their aircraft is designed to meet the uncompromising safety standards set by the FAA and other global aviation regulators. Joby Aviation is now engaged in a multi-year testing program with the FAA to certify their vehicle for commercial operations, and have completed the first three of five stages.
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Infinite Reality, an innovation company powering the next generation of immersive media, AI, and ecommerce, today announced a landmark real estate partnership with renowned real estate investment, development and management firm Sterling Bay to co-develop a 60-acre site in Fort Lauderdale into a next-generation technology and entertainment campus. This ambitious redevelopment—expected to open in 2026—will serve as Infinite Reality’s new global headquarters and is the cornerstone of iR’s long-term real estate strategy, which begins with this flagship project in South Florida. The public-private project marks one of the largest creative economy investments in the area to date, aiming to generate more than 1,000 new jobs with an average salary of six figures and deliver long-term economic growth to the region. Located at 1400 NW 31st Avenue on the site of a remediated former Superfund property, the development features over 100,000 square feet of Class A office space for media, tech, and enterprise clients. Construction is expected to begin in early 2026, pending completion of permitting and design phases.

In a statement John Acunto, co-founder and CEO of Infinite Reality said, “This isn’t just a headquarters—it’s the heart of Infinite Reality’s future. As a proud South Florida resident, this project is deeply personal to me.” “It’s about transforming a community I love into a global hub for immersive technology and creativity. We’re building opportunity, fueling innovation, and laying the foundation for a lasting legacy. Partnering with a world-class development firm like Sterling Bay ensures that this vision is realized at the highest level—and that Fort Lauderdale becomes a defining force in the future of the digital economy.”

In addition to serving as a corporate campus, the site will include flexible spaces for retail, production, digital broadcasting, and entertainment ventures. The development also includes educational initiatives in partnership with local institutions to train and hire future talent in STEM, immersive tech, and creative production. Infinite Reality is an innovation company powering the next generation of digital media and ecommerce through spatial computing, artificial intelligence, and other immersive technologies. Infinite Reality’s suite of cutting-edge software, production, marketing services, and other capabilities empower brands and creators to craft inventive digital experiences that uplevel audience engagement, data ownership, monetization, and brand health metrics.
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