December 31st, 2023 - devicethread (now shashi.ai) has raised a strategic pre-seed investment from Impact VC, reinforcing its vision to engineer the next generation of intelligent hospitality infrastructure. The funding supports the company’s continued growth in product innovation, market expansion, and its mission to make connected, sustainable hospitality technology universally accessible.

“Our partnership with Impact VC marks an important milestone in our journey to build a future where hospitality infrastructure is truly intelligent, interoperable, and guest-centric,” said Sandeep Bhat, CEO of devicethread (now shashi.ai). “This investment strengthens our ability to scale globally while staying true to our focus on reliability, transparency, and innovation.

“devicethread (now shashi.ai) exemplifies the kind of purposeful technology that can redefine industries,” said Eric Ball, Co-Founder and General Partner at Impact VC. “Their platform has the potential to transform how physical environments operate and interact with people.”

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