May 26, 2022

You rent your apartment on Airbnb and guests are exhausted all night long. You won’t find out until three days later, when the neighbors are angrily and passive-aggressively honking that “someone” around the apartment building is throwing loud parties on the third floor. Minut just raised $14 million to further expand Shhh, time to take a few steps down for the hospitality industry.

“I spoke to an early Airbnb employee when they were at Y Combinator. At first, they also had a problem: when people rent out their apartments, they need to be monitored. There was nothing left to do but install the camera, and that became a big problem for Airbnb,” explains Nils Mattison, co-founder and CEO of Minute, where the idea came from. “Years later, the idea came back to me. I worked at Apple and worked with many technologies that were ahead of their time when it came to combining machine learning and privacy, I saw firsthand how these two things came together and how we solved this problem with surveillance and privacy. So that was the original seed, and after almost 10 years, we’re back.”

The Minute sensor monitors the noise, occupancy, hustle and bustle of the holiday home. The company sees itself as a co-host helping hosts avoid parties, improve guest experience and protect their homes.

“The sensor is the size of a palm. It’s an IoT device – it has a tiny computer and a lot of different sensors. Instead of streaming data to the cloud, we created a solution where the analysis takes place on the sensor. And it allows you to use it in cases where you need to respect people’s privacy. This allowed us to focus on the short-term rental segment. When you rent out your apartment, you want to make sure you get it back the way it is,” Mattison says. “The value we provide to the host and guest is the surveillance we provide. If we see that there is an overcrowding issue or there are things that may disturb the neighbors, we will contact the guests. In more than 90% of cases, this means that the problem disappears.”

Monitoring occupancy and space usage is big business in various sectors, andHere are some products on the market that do the same thing as Minut. ThicknessI inner space As well as VergeSense Office and industrial buildings (the latter of which recently raised $60 million) compete for employment; There are also options in the residential sector. “We want to help you protect your space, keep your guests’ privacy, and keep your relationship with your neighbors. This means you can detect issues in real time,” Airbnb writes on its website, recommending Minute, noise awareness As well as Roommonitor as an option for your hosts.

Minut takes a voice analysis approach at the edge of the network, in other words, without sending video or audio data to the Minut servers. The point is to offer real-time data without compromising guest privacy. Minut claims that Airbnb thinks this is a really good idea:

“Airbnb actively promotes responsible and sustainable tourism. Minut’s decision supports Airbnb hosts in their efforts to build trust and security in their homes and communities,” said Vladimir Beroun, Senior Public Policy Manager at Airbnb, in a Minut press release.

The company sells the sensor relatively cheaply at $50 with a $150 per year subscription.

“As well asThey are like SaaS platforms and we charge a monthly per household fee. We charge for the sensor, but we are not really trying to make money from the hardware. This change in business model also made this funding round possible. To an investor, we look like a software company,” says Mattison. “Besides the sensors, we can build this SaaS platform – we can’t do that if we don’t have the underlying data.”

Minutes Series B is led by Almaz Capital with participation from Zenith, Compass, Verve Ventures and Swiss Immo Lab. Previous investors Karma, HAX SOSV and KPN Ventures also took part. it takes minutes Tens of thousands of devices are in use in more than 100 countries. It has offices in the US, UK, Sweden, France and Spain.

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