Datakwip, a McLean, Maryland-based, provider of a cloud energy analytics platform for smart buildings, received an equity investment from GreenGen Ventures, the corporate venture arm of Green Generation.
The amount of the deal was not disclosed.
Other investors in the company include TEDCO, the University of Maryland’s Momentum Fund, and the Chesapeake Bay Seed Fund.
Founded in 2016 by CEO Cory Perdue, Datakwip provides a software platform that automatically detects opportunities to save energy in buildings. Its proprietary software and intellectual property allows buildings and other physical assets to connect to existing infrastructure without any new hardware installations or upgrades in order to enable real-time communication and optimize facility management. It is currently already installed in over 30 properties and has an innovative portfolio of products with five pending patent applications for novel innovations within the built environment.
GreenGen will work with the company as a preferred supplier and will be taking an advisory board position with it.