75F, a prominent player in the realm of IoT and AI-driven commercial HVAC automation, has recently announced a significant milestone in its journey. The company has successfully secured a $45 million Series B funding round, marking it as one of the largest funding rounds in Minnesota’s history. This investment, spearheaded by Accurant International’s Net Zero Alliance, along with the participation of industry giants like Carrier Global Corporation, Climate Investment, Breakthrough Energy Ventures, Next47, and WIND Ventures, reflects a growing confidence in the market for light commercial building automation.
The infusion of capital from this diverse group of investors showcases a shared belief in 75F’s potential to revolutionize the commercial building sector. By offering a cost-effective solution that combines hardware and software, 75F is well-positioned to democratize energy-saving technologies beyond premium office spaces, catering to a wider range of commercial properties.
Bahman Hoveida, the founder of Accurant International, emphasized the significance of 75F’s technology in bridging a crucial gap in the market. By making building automation accessible to properties of all sizes, the company is accelerating the transition towards grid-connected buildings and fostering widespread energy efficiency in the commercial sector.
Carrier Ventures’ investment in 75F aligns seamlessly with Carrier’s commitment to smart, sustainable solutions that enhance energy and carbon emission performance. This partnership reinforces Carrier’s industry leadership and its focus on cutting-edge technologies that drive innovation in the building automation space.
With a strong presence in over 1,800 installations across nine countries, 75F plans to leverage this funding to scale its operations, targeting multi-site portfolios encompassing offices, retail spaces, school districts, municipalities, warehouses, and manufacturing facilities. The company remains dedicated to advancing its AI platform for commercial buildings, Saffron AI, which made its debut in 2023.
Deepinder Singh, the founder and CEO of 75F, expressed his enthusiasm about the investment, highlighting the company’s mission to simplify smart building solutions. By offering sophisticated yet user-friendly energy management tools, 75F aims to empower businesses of all sizes to achieve immediate comfort and energy savings.
In conclusion, 75F’s latest funding round represents a significant milestone in its journey towards driving energy efficiency and making building automation more accessible. With a strong backing from leading investors and a strategic focus on innovation, the company is well-poised to continue its trajectory of growth and impact in the commercial building automation space.
For more information about 75F, visit their website at http://www.75f.io.
For further details about Accurant International, please visit their website at http://www.accurantllc.com.
To learn more about Carrier Global Corporation and their intelligent climate and energy solutions, visit their website at corporate.carrier.com.
Contact:
75F: Lauren French
Phone: 715.450.0142
Email: Lfrench@75f.io