XTEN-AV LLC Secures Strategic Investment from Resideo Technologies
Funding to Help Further Accelerate Product Development of Pro AV Design and Proposal Software, Scale Operations and Expand Market Reach.
Union City, Calif. – JAN 23, 2024 – XTEN-AV LLC, a leading provider of Pro AV (Professional Audio-Visual) design and proposal software, proudly announces it has received a minority investment from Resideo Technologies, Inc. This investment marks a significant milestone for XTEN-AV and sets the stage for expanded growth across the Pro AV industry.
Resideo is a leading global manufacturer and developer of technology-driven products that provide critical comfort, energy management, and safety and security solutions. Resideo Technologies is also a leading global distributor of security, life safety, AV and low-voltage products through its ADI Global Distribution business.
XTEN-AV provides a collaborative software platform for integrators to conceptualize designs and streamline proposal processes. Additionally, XTEN-AV helps maximize efficiency, benefiting integrators, designers, and end-users alike.
“We continue to see Pro AV as a growth category, and we’re investing in technology to help drive the industry forward,” said Stu Tisdale, SVP and Chief Experience Officer, ADI Global Distribution. “We recognize the value XTEN-AV’s platform delivers, and we’re excited to support them to advance their software platform and help deliver greater impact to customers.”
XTEN-AV’s cloud-based solution, integrating innovative design and drawing tools with a powerful proposal software, represents a catalyst for positive change. The platform’s device and personnel agnostic approach ensures that critical project data is readily accessible, fostering collaboration and enhancing project management. Notably, XTEN-AV holds a utility patent for its drawings automation technology, reinforcing its position in the Pro AV software landscape.
“We are excited about the support from Resideo Technologies and ADI, as it enables us to reach a broader audience globally,” said Vibhav Singh and Sahil Dhingra, co-Founders of XTEN-AV LLC. “This strategic investment not only strengthens our position in the market but also signifies a shared vision of advancing the Pro AV industry through innovation and efficiency.”
The investment will support accelerated product development and enhanced support to XTEN-AV’s growing user base.
For media inquiries, please contact:
33170 Alvarado Niles Rd #2231
Union City, CA 94587
About XTEN-AV LLC:
XTEN-AV’s cloud-based platform ascertains the needs of the project, recommends the best products, and creates automated wiring diagrams, bill of materials, and end-customer proposals within minutes, thereby increasing productivity tenfold. The built-in CRM and analytical dashboard help users to be on top of their projects and accounts. XTEN-AV strives to enable integrators and designers to move away from the legacy methods of project design. For more information, please visit www.xtenav.com.