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Jul 18, 2023
Washington, D.C and Grand Haven, MI — Pallas Ventures, a dual use venture capital firm specializing in national security, defense, and innovation, announced today an investment in UV Angel, an IoT-based technology company that reduces health and safety hazards. The $11M dollar Series A Preferred Round comes after significant market and technology advances by the company.
The venture funding will be used to further expand rapidly growing business in defense, education, and healthcare markets. As the Department of Defense and other government agencies face mold and other Indoor Air Quality (IAQ) issues, UV Angel provides an IoT based solution that delivers technologies to monitor and create safer and healthier environments for building occupants by neutralizing hazards, including fungi such as molds, bacteria, and viruses.
The UV Angel platform is the only system on the market that provides a complete end-to-end solution that can monitor building environments, analyze environmental data, integrate with building management systems, and is proven to destroy threats such as mold, viruses, bacteria. The capabilities of the UV Angel Technology Platforms are supported by thousands of successful in-field deployments as well as numerous peer reviewed and published studies.
“We are excited to partner with UV Angel, they offer the leading technology that actually destroys airborne fungi, bacteria, and viruses,“ said Tony DeMartino, a Founding Partner of Pallas Ventures. “Throughout my decades of experience in the defense community, I have seen firsthand the challenges that our military face in building and maintaining the quality of infrastructure that our troops, families, and civilian personnel deserve. I look forward to UV Angel’s innovations to accelerate solutions in this space.”
"We believe protecting our military personnel, teachers & students, government officials, healthcare workers, and anyone within the indoor environments, is critical to present and future U.S. needs,” said Tom Byrne, CEO of UV Angel. One important impact of our technology is how our systems can monitor for mold conditions, destroy it, and help keep it from coming back, thus protecting our military personnel and their
families. We are excited to partner with Pallas Ventures and value their investment to help us with our mission.”
About Pallas Ventures
Pallas Ventures, a dual use venture capital firm, partners with innovative companies developing break-through technology with compelling national security applications. With each investment, we provide immediate value –leveraging decades of experience garnered from both defense and corporate enterprises to provide strategic insight to our portfolio partners. Our network brings to bear invaluable experience at the highest levels of the federal government and the U.S. military, offering the entrepreneurs we partner with a wealth of resources at a critical stage in the life of their
companies.
About UV Angel
By combining the latest advances in sensor technology, data analytics, and hardware design, UV Partners, the holding company for UV Angel Technologies, delivers the industry leading end-to-end solution for improving the health and safety of indoor occupied spaces. The IoT-based platform enables those responsible for occupant safety and outcomes to create a healthier and more productive environment for their occupants. We do this by continuously monitoring indoor spaces, analyzing the data, and taking appropriate actions to lower the risk of health and safety hazards in indoor spaces.