• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • RCR Wireless News
  • Enterprise IoT
  • Editorial Calendar
  • Advertise
  • Webinars
  • Reports
  • White Papers
  • Subscribe

In-Building Tech

Connecting CRE building technology buyers with CRE tech sellers

720×90

  • Industry
    • Office & Commercial
    • Data Center, Network Hotels
    • Government
    • Healthcare
    • Higher Ed
    • Hospitality
    • K-12
    • Laboratory & Scientific
    • Manufacturing
    • Multi-Family
    • Transportation: Airports, Rail, Ports
    • Smart City
    • Stadiums, Arenas, Venues
  • Tech
    • Drones
    • AI-Machine-Learning
    • Wi-Fi
    • Augmented Reality
    • IoT (platform, gateway)
    • Networks
    • 5G Resources
    • Microcontrollers
    • Microprocessors
    • Data Analytics
    • Wired Networks, Fiber
    • Wireless (Cell, DAS, BDA, Repeaters, Boosters)
    • Positioning, GPS, Navigation
    • Security
    • Sensors
  • Systems
    • Energy
    • Lighting
    • HVAC
    • Security
  • Functions
    • Automation
    • Building Management
    • Construction
    • Asset Management (EAM)
    • Materials
    • Maintenace (MRO)
  • Smart Buildings
  • News & Event Coverage
  • In-Building Wireless
  • About In-Building Tech
  • Qualcomm 5G Insights

Clockworks Analytics secures new funding to boost its smart building portfolio

     
smart glass

Schneider Electric upped investment in smart building startup

Clockworks Analytics announced that it has raised an $8-million funding round, bringing the company?s total funding to date to approximately $13 million, the company said in a release.

The firm said that the capital round was led by Carom Growth Partners and Evans Capital Management, with participation of existing investor Schneider Electric.

Founded as KGS Buildings in 2008 within the Massachusetts Institute of Technology?s Building Technology Department, Clockworks Analytics is a software platform that helps facility professionals and their service providers gain visibility into the biggest issues affecting building energy consumption, indoor air quality and equipment health.

With its technology deployed in 420 million square feet of property across every building type on four continents, Clockworks Analytics said that its Fault Detection and Diagnostics system has helped facilities teams reduce energy use, improve air quality and enhance the reliability of building equipment.

In detecting issues and diagnosing their root causes, the technology helps building teams work in a more predictive manner: prioritizing the most pressing issues and performing maintenance activities that avoid equipment degradation and failure, thereby reducing associated costs.

The issues flagged by Clockworks include those relating to indoor air quality. With its dynamic monitoring of building systems, the software identifies equipment degradation that impacts humidity or ventilation.

?Clockworks Analytics brings data to life, prioritizing the top issues affecting energy performance and indoor air quality across thousands of facilities every day,? said Clockworks Analytics CEO Nicholas Gayeski. ?By transforming the building industry with real business intelligence, Clockworks arms facilities teams and service providers with the tools and insights for next-generation facilities management. We?re excited to partner with investors like Carom and Evans ? partners who believe in the massive potential of the smart buildings industry and our competitive edge in enabling a new vision of analytics-driven services. This capital raise will allow us to further invest in our core product and scale our ability to serve more and more facilities professionals around the world.?

Clockworks has achieved significant market penetration in the educational, medical and corporate real estate sectors, with clients including MIT, Harvard Business School, Amgen, Kaiser Permanente, HPE and Ericsson.

With this funding round complete, Clockworks Analytics aims to accelerate its product roadmap. The firm said that it will be incorporating machine learning into the onboarding process to connect buildings to the Clockworks platform.

Evan Kornack of Carom Growth Partners, said: ?By taking existing fault detection technologies to the next level, Clockworks is truly reshaping how buildings are monitored and maintained ? not on a small level, but within thousands of buildings in 30 countries. With a cloud-based system that enables the team to be nimble in deploying the platform and upgrading protocols, Clockworks Analytics represents the rare scalable business model that can already boast significant market penetration.?

 

Related

About Juan Pedro Tom?s

Juan Pedro covers Global Carriers and Global Enterprise IoT. Prior to Arden Media Company, Juan Pedro worked for Business News Americas, covering telecoms and IT news in the Latin American markets. He also worked for Telecompaper as their Regional Editor for Latin America and Asia/Pacific. Juan Pedro has also contributed to Latin Trade magazine as the publication's correspondent in Argentina and with political risk consultancy firm Exclusive Analysis, writing reports and providing political and economic information from certain Latin American markets. He has a degree in International Relations and a master in Journalism and is married with two kids.

Contact Juan Pedro at [email protected]

Primary Sidebar

Sponsors

Search

300×350

300×100

CommScope forsees CBRS taking shape

Categories

Top Posts & Pages

  • In-Building Tech: Technology Insights for Commercial Real Estate Professionals
    In-Building Tech: Technology Insights for Commercial Real Estate Professionals
  • What is a distributed energy system?
    What is a distributed energy system?
  • 3 things to consider when implementing a building automation system (BAS)
    3 things to consider when implementing a building automation system (BAS)

RSS Enterprise IoT Insights

  • Vodafone installs 5G private network at Skoda Auto manufacturing plant
  • Vodafone rigs-up 1.5 million Wimbledon strawberries with IoT monitoring, tracking
  • Libelium buys Spanish smart cities firm HOPU, sets sights on future IPO

Recent Posts

  • Honeywell invests in RapidSOS emergency response data platform
  • ‘Buildings have to be programmable,? says Cisco?s smart building lead
  • View to install smart windows at Skanska office project in Seattle

Archives

Tweets by InBuildingTech
  • RCR Wireless News
  • Enterprise IoT
  • Editorial Calendar
  • Advertise
  • Webinars
  • Reports
  • White Papers
  • Subscribe

Copyright © 2022 —In-Building Tech • All rights reserved.

Genesis Framework • WordPress • Log in

 

Loading Comments...
 

    This site uses cookies to improve and personalize your experience and to display advertisements. This site may also include cookies from third parties. By using this site you consent to the use of cookies.AcceptPrivacy Policy