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Ricoh and Butlr Forms Capital and Business Alliance Through the RICOH Innovation Fund

Jan 29, 2025

Contract Type

partnership

BurlingameSoftwareAnalyticsWireless

Description

Ricoh Company, Ltd. and Butlr Technologies Inc. have entered into a business alliance agreement through Ricoh's corporate venture capital (CVC) fund, the RICOH Innovation Fund, to strengthen solutions in the Workplace Experience domain, Ricoh's key growth area. The alliance aims to apply Butlr's sensor products and technologies to Ricoh's services, expand global deployment of Butlr's sensor products, leverage Ricoh's sales channels for global distribution, jointly develop new products and services, and explore other areas of mutual benefit.

Company Information

Company

Butlr

Location

Burlingame, California, United States

About

Butlr is the world’s first and only 100% anonymous people sensing and occupancy detection platform that helps enterprises all over the world improve their workplace planning and optimize their operations. Using just body heat and advanced AI technologies, Butlr understands presence and traffic without capturing any identities—ever.

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What this usually means
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies

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