Investment Firm Pallas Ventures Backs Health-Tech Company UV Angel in $11M Series A Extension
Pallas Ventures, a dual-use venture capital firm specializing in national security, defense, and innovation, has announced its investment in UV Angel, an IoT-based technology company that aims to reduce health and safety hazards. The firm has participated in an $11 million series A round extension following significant advancements in market positioning and technology by UV Angel.
UV Angel offers a unique end-to-end solution that comprehensively monitors building environments, analyzes environmental data, integrates with building management systems, and effectively eliminates threats such as mold, viruses, and bacteria. The company’s technology platforms have undergone thousands of successful in-field deployments and have been supported by numerous peer-reviewed and published studies.
Tony DeMartino, Partner of Pallas Ventures, expressed enthusiasm about the partnership with UV Angel, highlighting the company’s cutting-edge technology that effectively destroys airborne fungi, bacteria, and viruses. Drawing from his extensive experience in the defense community, DeMartino emphasized the challenges faced by military personnel in building and maintaining high-quality infrastructure. UV Angel’s solutions play a crucial role in safeguarding military personnel, as well as teachers, students, government officials, healthcare workers, and anyone in indoor environments.
Tom Byrne, CEO of UV Angel, stressed the importance of protecting various individuals within indoor spaces, including military personnel and their families. He emphasized that the company’s technology can monitor, destroy, and prevent the reoccurrence of mold, ultimately safeguarding military personnel and their loved ones.
Pallas Ventures is a venture capital firm that partners with innovative companies developing breakthrough technology with compelling national security applications. They leverage their extensive experience from the military, defense, and corporate sectors to provide strategic insights to their portfolio partners.
UV Angel, operated by the holding company UV Partners, delivers an industry-leading end-to-end solution for enhancing the health and safety of occupied indoor spaces. Their IoT-based platform combines sensor technology, data analytics, and hardware design to create healthier and more productive environments for occupants.
