Scientific Conservation Closes $19M Series B Financing

Scientific Conservation Inc., a San Francisco, CA-based building energy management company, has closed an $19m Series B financing round.

Investors include from GE (NYSE: GE) unit GE Energy Financial Services as part of the “GE ecomagination Challenge” and Triangle Peak Partners.

In addition to the investment from GE, GE Capital Real Estate will deploy the company’s energy analytics platform in its buildings in the United States, Canada, and the UK.

In conjunction with the financing, Ricardo Angel, a senior vice president at GE Energy Financial Services, and Michael Morgan, CEO of Triangle Peak Partners, will serve on Scientific Conservation’s board of directors as observers.

Led by CEO Russ McMeekin, Scientific Conservation has developed a software-as-a-service platform designed to help reduce annual energy spending by comparing predicted energy and system efficiencies against real-time operation. Its technology, SCIwatch™, interfaces remotely with building automation systems to analyze energy consumption in commercial buildings.

The company has its technology center in Atlanta, GA.



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