AI firm Infogrid raises £11.7m to make buildings energy smart
Posted on December 1, 2020 by Alistair Hardaker
Infogrid, an AI firm automating facilities management, has raised $15.5m (£11.7m) in Series A funding from a combination of UK and US investors.
The round was led by Northzone with participation from JLL Spark, Concrete VC, The Venture Collective, Jigsaw VC, a leading global real estate investment group, and a large international asset owner.
Founded in 2018, Infogrid combines small IoT sensors with AI to optimise and automate facilities and building management.
The funding will be used to accelerate Infogrid’s growth, which already includes work with global banks, supermarkets, restaurant chains, and the NHS.
The tech allows building managers to drive energy efficiency and reduce the CO2 output. It can measure everything from the number of people in a room, to air quality and virus risk indicators for the improved wellbeing of employees and customers.
Speaking on the funding and Infogrid’s business aims William Cowell de Gruchy, Founder and CEO said “Until now, the lack of viable and scalable technology has meant that facilities management is one of the last industries to be enhanced by digitization, despite covering the world’s largest asset class.
“Infogrid’s end-to-end smart building system finally arms organizations with insight to take control and take action. This new era of insight and automation will bring about a positive impact on the efficiencies of businesses, the wellbeing of employees, and the environmental footprint of buildings.
“The backing of Northzone and other like-minded investors in this oversubscribed funding round is a vindication of our technology and will enable us to accelerate our growth as we lead real estate owners and the facility management industry in combating the climate crisis and environmental damage on a global scale. Helping in that fight is both a company and personal passion.”