Signify Secures $2.1 Million in Pre-Seed Funding Round to Illuminate Future Innovations

Signify, the global leader in lighting solutions for professionals and consumers, is excited to announce that it has successfully raised €2.1 million in funding.

This strategic investment will be directed toward enhancing our innovative Philips products and expanding the capabilities of our Interact systems and data-enabled services.

With a solid foundation built on €6.

7 billion in sales in 2023 and a workforce of around 32,000 employees across more than 70 countries, Signify is committed to unlocking the extraordinary potential of light to create brighter lives and a better world.

The funds will specifically help us further develop our Internet of Things (IoT) applications, enabling smarter and more efficient lighting solutions that empower businesses and improve the quality of life in homes and public spaces.

As we continue to lead in sustainability, maintaining our position in the Dow Jones Sustainability World Index for seven consecutive years and achieving the EcoVadis Platinum rating for the fourth straight year, we are dedicated to leveraging these advancements in lighting technology to reduce environmental impact and enhance user experience.

We invite our stakeholders and interested individuals to stay connected with Signify through our Newsroom, X, LinkedIn, and Instagram channels for further updates on our initiatives and progress.

For more detailed investor information, please visit our Investor Relations page.

This funding is a significant step for us as we advance our mission and maintain our industry-leading position while embracing a sustainable future.