Clockworks Analytics (fka KGS Buildings), a Somersville, MA-based cloud-based building analytics platform, raised an $8m funding round.
The round, which brings total funding to date to approximately $13m, was led by Carom Growth Partners and Evans Capital Management, with participation from existing investor Schneider Electric. In conjunction with the funding, Evan Kornack of Carom Growth Partners and Bruce Evans of Evans Capital Management have also joined the Clockworks Analytics board of directors.
The company intends to use the funds to accelerate its product roadmap, to roll out a wide range of improvements in the coming months, including new business intelligence reporting.