U.K. firm Infogrid said it has raised £11.7 million ($15.5 million) in Series A funding from a combination of U.K. and U.S. investors.
The round was led by Northzone, with the participation of investors including JLL Spark, Concrete VC, The Venture Collective, and Jigsaw VC.
Infogrid uses small IoT sensors combined with artificial intelligence to optimize and automate facilities and building management.
The firm said that the new funding will be used to accelerate Infogrid’s growth, which already includes work with global banks, supermarkets and restaurant chains.
Infogrid’s solutions allow building managers to drive energy efficiency and reduce carbon dioxide output. It can measure the number of people in a room, the air quality as well as virus risk indicators, the company said.
“Until now, the lack of viable and scalable technology has meant that facilities management is one of the last industries to be enhanced by digitization, despite covering the world’s largest asset class,” said William Cowell de Gruchy, Infogrid’s founder and CEO.
“Infogrid’s end-to-end smart building system finally arms organizations with insight to take control and take action. This new era of insight and automation will bring about a positive impact on the efficiencies of businesses, the wellbeing of employees, and the environmental footprint of buildings.
“The backing of Northzone and other like-minded investors in this oversubscribed funding round is a vindication of our technology and will enable us to accelerate our growth as we lead real estate owners and the facility management industry in combating the climate crisis and environmental damage on a global scale,” Cowell de Gruchy added.
Founded in 2018, the company has its headquarters in London.