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Founded Year

2015

Stage

Seed VC - II | Alive

Total Raised

$3.5M

Last Raised

$2.75M | 4 yrs ago

About Pillar Technologies

Pillar Technologies is a real-time risk management platform for general contractors. It helps its users predict and prevent damages. Through the use of on-site sensors, the company monitors for destructive environmental conditions such as fire outbreaks, water leak, and mold growth. These damages serve as major sources of revenue loss for general contractors and insurance companies. The features of the platform are risk mitigation, failure forecasting, and insurance optimization.

Pillar Technologies Headquarter Location

335 Madison Ave 4th Floor

New York, New York, 10017,

United States

617-440-4295

Latest Pillar Technologies News

Applied DNA Enters into Supply Agreement with ITW Pillar Technologies to Bring CertainT® Platform to Textiles Including Those Used in Personal Protective Equipment

Sep 21, 2020

- CertainT to Be Deployed to Ensure Material and Product Authenticity, Origin, Traceability, Sustainability, and Quality - September 21, 2020 08:30 AM Eastern Daylight Time STONY BROOK, N.Y.--( BUSINESS WIRE )--Applied DNA Sciences, Inc. (NASDAQ: APDN) (“Applied DNA” or the "Company"), a leader in Polymerase Chain Reaction (PCR)-based DNA manufacturing that enables in vitro diagnostics, pre-clinical nucleic acid-based therapeutic drug candidates, supply chain security, anti-counterfeiting and anti-theft technology, today announced it has entered into a supply agreement (the “Agreement”) for its CertainT® platform with ITW Pillar Technologies (“Pillar”), a division of Illinois Tool Works (ITW). Under the terms of the Agreement, Applied DNA will supply SigNature® molecular tags and SigNify® in-field authentication devices to Pillar for use on materials and products treated with Pillar’s patented plasma deposition technology. Said materials and products will carry Applied DNA’s CertainT trademark, representing authenticity, origin, traceability, sustainability, and quality that will bring transparency to Pillar’s customers’ supply chains and enable these customers to promote traceability and trust in the materials used in their products. Pillar’s systems are utilized by many of the leading manufacturers of N95 masks, gowns, and other equipment used by frontline healthcare practitioners. Plasma deposition technology allows for the finishing of textiles that imparts varying enhanced characteristics – wickability, breathability, ink and dye uptake, anti-microbial, hydrophobicity, etc. – that are ecofriendly to apply relative to traditional wet-chemical processes. The Agreement supports Pillar’s strategy to combat the growing issue of counterfeit PPE entering the healthcare supply chain as the COVID-19 pandemic increases demand and has grown to include other materials and products manufactured by Pillar’s customers. Pillar personnel will be fully trained in the application of the unique molecular tags and in the use of the in-field authentication systems. Pillar will incorporate SigNature molecular tags into textiles including, but not limited to, polypropylene, cotton, recycled polyester, nylon, wool, and viscose for the manufacture of products, including those used in the manufacture of personal protective equipment (PPE). Authentication of all tagged materials and products will be tracked via CertainT’s cloud-based portal for ease of access by Pillar and its customers. “We believe our partnership with Applied DNA in the deployment of its CertainT platform across our manufacturing lines provides brands and manufacturers the most advanced and secure plasma-based systems available on the market globally. As the standard of proof and need for greater transparency continues to increase, so too does the need to have a scientific basis to support sustainability goals and ongoing commercial programs. Our customers now have the complete solution that gives them formidable brand protection and assurance with forensic certainty,” said Rory Wolf, CEO of ITW Pillar Technologies. “We are especially pleased to offer definitive proof of the authenticity of PPE materials to customers at a time when COVID-19-fueled demand has led to an influx of substandard and falsified product in the healthcare supply chain.” Commenting on the Agreement, MeiLin Wan, VP, Textiles at Applied DNA, stated, “Pillar represents further adoption of our CertainT platform and another avenue for the commercialization of our supply chain security solutions. Having validated and proven that our CertainT platform can work on a wide range of substrates with Pillar, the advancement in portable testing together with advancements in non-chemical applications for textiles and other materials provides a compelling solution for branded and proprietary products that require a trusted, market-ready solution.” About CertainT The CertainT® platform has three technology pillars (Tag, Test, Track) which allows raw materials and products to be tagged with a unique molecular identifier. This identifier can then be tested for its presence as it travels throughout a global supply chain. All the data points associated to tagging and testing are tracked by uploading to a secure cloud database. The platform can be used across industries such as textiles, cannabis, military, leather, fertilizer, pharmaceuticals, personal care. About Applied DNA Sciences Applied DNA is a provider of molecular technologies that enable supply chain security, anti-counterfeiting and anti-theft technology, product genotyping and pre-clinical nucleic acid-based therapeutic drug candidates.

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Research containing Pillar Technologies

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Pillar Technologies in 4 CB Insights research briefs, most recently on Aug 19, 2021.

Expert Collections containing Pillar Technologies

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Pillar Technologies is included in 3 Expert Collections, including Construction Tech.

C

Construction Tech

578 items

Companies using technology to improve processes in the construction industry.

I

InsurTech

1,786 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

F

Fintech

7,165 items

US-based companies

Pillar Technologies Patents

Pillar Technologies has filed 9 patents.

The 3 most popular patent topics include:

  • Units of length
  • SI derived units
  • Sensors
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Units of length, Sensors, Wireless networking, SI derived units, Occupational safety and health

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Pillar Technologies Web Traffic

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