Sencity Corp.

Sencity Corp. is an innovative technology firm focused on enhancing urban living through smart solutions like SencityOS and TetraBIN, which foster community engagement and promote sustainable behaviors in public spaces. Founded in 2016 in New York, US, Sencity Corp. specializes in smart urban solutions that enhance interactions between citizens and their environments.

The company was co-founded by Ivan Chen and Steven Bai, with Steven Bai currently serving as CEO. Sencity has successfully completed two investment deals, with the latest being a Seed round in December 2021, where they raised USD 60,000 from Urban-X, bringing the total amount raised to USD 60,000. Sencity specializes in transforming urban living through innovative technology platforms, primarily SencityOS and SenMagic, which serve as interactive experience engines and content platforms. Their core product, TetraBIN, integrates smart waste management solutions with interactive features to engage users and promote sustainable behaviors.

Sencity's offerings target public spaces, aiming to enhance citizen interactions with everyday urban furniture and appliances, thus fostering community engagement and improving urban wellness. The platforms focus on creating contextual and spatial awareness, allowing users to access real-time data and entertainment that drives positive behavioral shifts. Sencity's products are positioned for global deployment, serving diverse markets such as North America, Europe, and Asia-Pacific, where they cater to municipalities, urban developers, and public service entities. Sencity generates revenue through partnerships and direct business-to-business (B2B) transactions with municipal governments, urban planners, and commercial partners.

Their revenue model includes subscription services for ongoing access to the SencityOS and SenMagic platforms, as well as revenue-sharing arrangements from the installation and use of their flagship products like TetraBIN. For example, a city may partner with Sencity to deploy smart waste bins outfitted with interactive technology, resulting in a shared revenue model based on advertising and sponsorship opportunities generated through the platform. Specific pricing structures for their products and services are tailored to the needs and scales of individual clients, ensuring a customized approach that aligns with various urban initiatives. Sencity is strategically focusing on developing new products aimed at improving urban living, with plans to launch these initiatives in the coming year.

The company is exploring expansion into new markets, specifically targeting regions in Europe and Asia-Pacific by 2024. The funds raised in the Seed round will support these product developments and market expansions, enabling Sencity to enhance its technological offerings and increase its footprint in the global smart urban solutions market.