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Smart energy startup 75F raises $5 mn from Siemens, taking the total Series A funding to $28 mn
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75F raises $5 mn from Siemens, taking the total Series A funding to $28 mn
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75F Announces New Investment from Siemens AG, Bringing Total Funding to $28M
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MINNEAPOLIS, April 27, 2021 /PRNewswire/ 75F today announced its selection to the inaugural cohort of Google s Climate Accelerator, a program that recognizes just 11 companies providing top innovative, impactful and scalable climate change solutions.
Launching in June, the three-month program will grant 75F access to Google s facilities, engineering and machine learning expertise. This will accelerate the deployment of 75F s IoT-based building management system to a range of buildings around the world and will help increase energy efficiency, indoor air quality, and comfort in those spaces. 75F s innovative approach to machine learning in the commercial buildings space makes them an important fit for the first Google for Startups Accelerator: Climate Change cohort, said Jason Scott, head of Startup Developer Ecosystems at Google. We re looking forward to seeing where Google s mentorship and expertise will take 75F in its mission to make
75F Closes $23 Million Series a to Make Building Automation Cleaner
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MINNEAPOLIS, March 16, 2021 /PRNewswire/ 75F, the IoT-based Building Management System based in Minneapolis, today announced a close of an additional $4.75 million, bringing 75F s total Series A to just under $23 million. The additional funding was provided by a syndicate led by WIND Ventures - the corporate venture capital (CVC) group of Copec. The company intends to use the funds to further expand innovations in energy savings and market reach.
Commercial buildings are the fourth-leading contributor to greenhouse gas emissions globally. At 20 percent of emissions around the world, roughly half of that is from heating and cooling spaces. HVAC and Lighting account for 65% of the total energy consumption in commercial buildings, and traditional systems can guzzle a lot of energy as they are reactive and depend on system operators to manually tweak