Infogrid, a cool AI-driven building monitoring startup, just bagged a sweet $90 million in Series B funding. Hailing from London, this company uses cutting-edge AI tech to keep tabs on air quality, occupancy, and energy consumption.
The funding round was led by Northzone and AO Proptech, with an extra $30 million in debt facilities thrown in by a bunch of big names like Northzone, TVC, JLL Spark, Committed Capital, Pictet, Original Capital, SoftBank Vision Fund 2, and some secret players.
So, what’s the plan for all that cash? Infogrid will divide it between developing new products, hiring top-notch people, and getting more customers on board.
Their IoT platform is all about helping property managers and owners get the best performance out of their buildings. It keeps an eye on important stuff like how many people are inside, air quality, and cleaning needs, while also watching energy use and CO2 levels. With nearly 4 billion data points to learn from monthly, Infogrid’s AI keeps getting more innovative thanks to user feedback.