SOUTH DEERFIELD — MassDevelopment has provided a $1.3 million loan from its Emerging Technology Fund to SCV Holdings Inc., d/b/a Smart Connected Ventures (SCV), a South Deerfield-based company offering a portfolio of high-impact digital solutions for commercial businesses.
SCV, whose multiple brands include ScentBridge scent solutions and the BlueStreak internet of things (IoT) platform, will use loan proceeds to hire new employees and for working capital to support the company’s continued growth.
“Innovation is our state’s calling card, and that’s why the Healey-Driscoll administration has made it a priority to help more entrepreneurs build their businesses in Massachusetts,” said Economic Development Secretary Eric Paley, who serves as chair of MassDevelopment’s board of directors. “We are glad to see SCV deepen its investment here using loan financing from MassDevelopment.”
MassDevelopment President and CEO Navjeet Bal noted that “MassDevelopment’s Emerging Technology Fund is a key resource to help growing technology companies like SCV succeed and flourish in Massachusetts. From its headquarters in South Deerfield, this company is positioned to bring more jobs and innovative solutions to our state.”
Alexandria Galloway, Deerfield’s Planning and Economic Development coordinator, added that “we’re grateful to MassDevelopment for investing in Deerfield’s economic growth. Smart technology innovation in rural communities isn’t just about progress; it anchors economic opportunity for future generations.”
Founded in 2019, Smart Connected Ventures addresses the needs of both commercial product manufacturers and their customers in commercial facilities and other markets. Through its rapid integration process, the company adds intelligence to existing products, enabling smart, connected features within new and existing service offerings. SCV’s advanced communication infrastructure enables these smart products to improve service and optimize operational processes for commercial business owners and facility managers.
The company’s BlueStreak division manages and secures remote connections for monitoring IoT devices. BlueStreak utilizes an advanced commercial IoT framework that sits at the center of information from sensors, devices, networks, and software that combine to deliver valuable, actionable data and automate critical functions across retail, hospitality, entertainment, health and fitness, real estate, and other commercial venues.
“SCV improves the way services are delivered and maintained through our connected device, IoT technology,” SCV CEO Todd Becker said. “Our ScentBridge brand created the smart scent system that enables many leading companies in fitness, gaming, and other industries to improve their customer experience through scent. All SCV services utilize our BlueSteak IoT platform, an easy-to-deploy, plug-and-play, connected device management platform. We are excited to work with MassDevelopment in helping us to expand our business.”
