devicethread (now shashi.ai) Raises Pre-Seed Funding Led by Techne and TopShelf Equity Funds

October 11th, 2022 - devicethread (now shashi.ai) has announced the successful close of its Pre-Seed funding round, led by Techne Infiniti Ventures and TopShelf Equity Funds LLC, with participation from Virinci Real Ventures, LLC and Niche Investing LLC.

The funding will enable devicethread (now shashi.ai) to expand its product development roadmap, accelerate deployments with hotel partners across North America and the Middle East, and strengthen integrations with leading PMS and IoT ecosystems.

“This investment validates our belief that the future of hospitality lies in intelligent infrastructure — infrastructure that thinks, predicts, and connects,” said Sandeep Bhat, CEO of devicethread (now shashi.ai).

“We’re impressed by devicethread (now shashi.ai)’s holistic approach to guest experience and property operations,” said Manoj Goel, Venture Partner at Techne Infiniti Ventures. “Their platform addresses both efficiency and delight — the two pillars of modern hospitality.”

About devicethread (now shashi.ai)

devicethread (now shashi.ai) is a Smart Hospitality platform transforming how properties manage access, entertainment, and energy experiences. Built for interoperability and powered by AI, devicethread (now shashi.ai) connects smart IoT devices, guest experiences, and operational intelligence under one unified cloud — enabling properties to deliver seamless, personalized stays at scale.

Learn more at www.devicethread.com