Infogrid Secures $90 Million to Innovate in Smart Building Management with AI-Driven Solutions
In Brief
Infogrid, a startup leveraging artificial intelligence for building monitoring, has successfully completed a Series B funding round, raising $90 million to transform how buildings are managed utilizing cutting-edge technology.
This innovative firm from London deploys AI to keep a close eye on factors such as air quality, occupancy rates, and energy consumption metrics.
The funding round was led by Northzone and AO Proptech, with an additional $30 million supplied in the form of debt by several other investors.
The newly acquired funds will be allocated towards creating innovative products, recruiting key personnel, and boosting efforts to attract new customers.
Infogrid, an AI-driven startup aimed at building monitoring, has raised an impressive $90 million in its Series B funding round. The London firm focuses on evaluating air quality, occupancy levels, and energy consumption using advanced AI technology. secured Northzone and AO Proptech were at the forefront of the funding initiative. Beyond the $90 million in equity, the company has received additional financial support through debt facilities from various investors, including Northzone, TVC, JLL Spark, Committed Capital, Pictet, Original Capital, SoftBank Vision Fund 2, among others.
The funds will be strategically allocated across numerous business areas, specifically focusing on product development, recruitment of key talent, and increasing customer acquisition strategies. additional $30 million Infogrid operates an Internet of Things (IoT) platform that processes sensor data to enhance the efficiency of buildings, providing valuable insights for property managers and owners. The platform monitors essential areas such as occupancy, air quality, cleanliness needs, energy consumption, and CO2 emissions. With nearly 4 billion data points analyzed each month, Infogrid's AI continually refines itself based on user feedback.
Founded in 2018 by William Cowell de Gruchy, Infogrid was born out of de Gruchy's observations while working at the advisory firm Drystone Strategy. He noted a significant gap in real-time digital data and awareness along with health and environmental challenges within the built environment.
He recalls asking those in the field why they weren’t leveraging modern technologies—like cloud computing and IoT sensors—to tackle these issues, and they consistently said it was perceived as too complicated and costly. This challenge sparked his determination to create a solution that outperformed the traditional approach—paper and pen—and ultimately led to the establishment of Infogrid.
Infogrid's goal is to tackle inefficiencies in operations and eliminate the digital blind spots prevalent in building management. It finds itself in competition with firms like BrainBox, Aquicore, and Sidewalklabs’ Mesa within this sector.
According to de Gruchy, the typical clients of Infogrid are those who aim to streamline facility management tasks, such as minimizing unnecessary cleaning, adhering to legionella compliance by reducing needless water flushing, and fulfilling environmental and governance reporting obligations.
de Gruchy told TechCrunch.
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