Clockworks Analytics, a Boston, MA-based provider of SaaS building analytics solutions, closed a funding round of $16.1m.
The round, which brought total funding to over $28m, was led by Carom Growth Partners with participation from existing investor SE Ventures.
The company intends ro use the funds for continued product development, investments in sales and marketing, and international expansion.
Led by Brian Day, and Nick Gayeski, Clockworks Analytics is an essential smart building intelligence platform that provides data-driven insights into property operations for facility and energy managers. Through its cloud-based building analytics software, the company proactively identifies inefficiencies and root causes within building systems and prioritizes the most urgent tasks for building staff in real time. By creating a high level of operational intelligence about a building, Clockworks helps property teams improve the reliability of their buildings’ equipment, while improving air quality and reducing energy consumption and operational costs.
Its intelligent HVAC analytics helps building teams identify the highest priority energy, comfort, and equipment issues in their buildings, complete with root-cause diagnostics and recommended actions. Built on a form of AI called an Expert System that simulates a human expert’s decision-making, the platform’s diagnostics have been fine-tuned and expanded with each connected building and piece of equipment.
The company’s clients—across healthcare services, life sciences, higher education, commercial real estate, and mechanical and operations service providers—have completed over 40,000 building tasks to correct issues identified by Clockworks’ diagnostics and identified over 286K tonnes of carbon savings.
FinSMEs
22/08/2023