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Venture Capital News: Sixgill Secures $6M Financing

2016-05-03
SANTA MONICA, CA, Sixgill, the enterprise proximity leader with a market-tested PaaS solution has secured an additional $6 million in funding.
The round was led by an affiliate of DRW Ventures in Chicago, with additional participation by Mobile Financial Partners in Alexandria, Virginia. Sixgill will use the additional funding to expand its sales and marketing efforts as well as broaden and accelerate product development of its Sense proximity service in the new Los Angeles area office.

'Sixgill addresses a quickly emerging enterprise pain point: how to foster the agility of effortless workforce and asset mobility while mitigating its chaotic consequences,' said Phil Ressler, CEO at Sixgill. 'We view proximity awareness as the key new data type to enable organizations to take full advantage of the exploding mobility of human and equipment resources.'

Escalating mobility of people and assets is the new norm defining a permanent enterprise trend in which the numbers are staggering: 213 million geo-locations indexed by 2020 (Datacomm), 4.8 billion mobile phones in use this year (Forrester) and over 20 billion trackable objects expected in IoT by 2020, up from 4.9 billion today (Gartner).

'Mobile use in the workplace has materially increased, but corporates have only just begun to explore new ways to engage with this network to generate commercial insights and deliver business-critical tools. Sixgill is positioned well to help ensure that mobility is truly optimized,' said Don Wilson, lead investor in Sixgill.

The Sense proximity platform lets you track, determine and act on the changing proximity of people, places and things in the enterprise. It's an easy-to-adopt PaaS, flexible to configure, open to existing data and systems, and market-tested at consumer volumes with 1.5 billion proximity measurements, 25 million context sensitive actions and 4 million people assisted thus far. Customers initially benefit from ability to automate messaging or actions based on proximity awareness, but longer term will accumulate migration histories that can be analyzed to understand behaviors of whole populations over time.

CEO Phil Ressler, career enterprise technology executive and market-maker, has long been active in building markets, teams and businesses around data and developer-oriented computing innovations, as an operator and venture professional. He joined Sixgill as CEO in 2015 to bring an open, cross-functional proximity data service to organizations wanting to embrace IoT and foster productivity-enhancing mobility in their workforce, while managing associated risks.

Ressler has assembled an enterprise-savvy management team with pedigrees from Google, Netscape, Oracle, Microsoft, Lotus, Keynote, Gupta, NavTeq, Nokia, RealD and Deloitte in the Santa Monica headquarters, to launch the new brand and the Sense proximity service into the enterprise market. Sixgill Sense and its associated SDK, Sixgill Reach, are available now.

Sixgill is the enterprise redirection of the proximity software and data technology originally developed by Zos Communications for producer and sponsor-to-attendee communications and crowd management projects for large events.

About Sixgill
Sixgill LLC is an enterprise proximity services provider in Santa Monica, CA empowering the market to track key people, places, and things, determine proximity and intent, and act on proximity awareness to drive business value. We provide market-proven proximity services for the full spectrum of enterprise mobility challenges through a single, open, extensible platform.
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