75F, a Minneapolis MN-based IoT-native building management system provider, raised $28M in funding.
The round, which brought total funding raised to date to $28m, was led by Siemens AG with participation from Bill Gates’ Breakthrough Energy, OGCI Climate Investments, and Wind Ventures.
The company intends to use the funds to accelerate growth, expand operations and its business reach.
Led by Deepinder Singh, founder and CEO, 75F provides IoT, Cloud Computing and Machine Learning for data-driven, proactive building intelligence and controls for HVAC and lighting optimization. Its vertically-integrated, full-stack solution includes custom hardware and software that works out of the box to improve comfort and indoor air quality while optimizing building energy use. The system uses built-in AI to create a digital twin of any commercial building, merging data from a wireless sensor network and third-party weather forecasts to predictively and proactively redirect air where it is needed most.
FinSMEs
19/07/2021