Proptech firm UV Angel, which uses Internet of Things technology combined with cloud computing and ultraviolet lighting equipment to reduce bacteria, fungi, and viruses, received an $11 million investment from Pallas Ventures.

Pallas had more quietly released the news in mid-July, but now has gone with far broader distribution to announce the investment. The firm made the investment "after significant market and technology advances by the company," according to a Pallas press release.

"The UV Angel platform is the only system on the market that provides a complete end-to-end solution that can monitor building environments, analyze environmental data, integrate with building management systems, and is proven to destroy threats such as mold, viruses, bacteria," the company wrote. "The capabilities of the UV Angel Technology Platforms are supported by thousands of successful in-field deployments as well as numerous peer reviewed and published studies."