September 4th, 2024 - devicethread (now shashi.ai) has closed an additional pre-seed round led by Z21 Ventures, with participation from Nivesha Ventures and B2L Capital, following continued traction with hotel chains and property management platforms.

The funds will be used to accelerate product enhancements within SmartCloud and expand sales partnerships in key global markets.

“We’re proud to have investors who believe not just in our vision, but in the scale of impact intelligent infrastructure can create,” said Sandeep Bhat, CEO of devicethread (now shashi.ai). “Their support allows us to move faster toward a world where hospitality systems communicate seamlessly — making every experience effortless.”

“At Z21 Ventures, we back founders who combine deep technical insight with a clear go-to-market path,” said Raj Shekhar Singh, Co-Founder and General Partner at Z21 Ventures. “devicethread (now shashi.ai) platform architecture and early customer adoption give us strong conviction in its potential to lead the smart hospitality space.”

“We see a powerful convergence of data, automation, and guest experience in what devicethread (now shashi.ai) is building,” added Mohan Verma, Partner at Nivesha Ventures. “Their approach goes beyond incremental improvement — it redefines how hotels think about connected infrastructure.”

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