FirstFuel Software, a Lexington, MA-based commercial building energy analytics company, closed a $10m round of financing.
The round was led by RockPort Capital, with pèarticipation from existing investors Nth Power and Battery Ventures.
The company intends to use the funding to continue to expand in the utility and government markets, and accelerate product development efforts. platform.
Founded in 2010 by CEO Swapnil Shah, FirstFuel Software offers the Rapid Building Assessment (RBA) platform, which uses advanced analytics to remotely benchmark building energy performance, creating energy profiles designed to eliminate the need for on-site energy assessments.