75F Announces New Investment from Siemens AG

75F, the India-US based global leader in IoT-based building automation technologies to optimize indoor air quality and energy efficiency in commercial spaces on 15th July announced an investment from Siemens AG. Next47, the gl

BY Realty Plus
Published - Tuesday, 20 Jul, 2021

75F Announces New Investment from Siemens AG

75F, the India-US based global leader in IoT-based building automation technologies to optimize indoor air quality and energy efficiency in commercial spaces on 15th July announced an investment from Siemens AG. Next47, the global venture capital firm backed by Siemens, led the investment on behalf of Siemens Smart Infrastructure. The latest influx in 75F’s Series A funding round brings the Minneapolis-based company’s total funding to $28 million. Next47 joins a prestigious group of investors who have supported 75F including Bill Gates' Breakthrough Energy, the Climate Initiative, and WIND Ventures, among others. “This investment signals a broader industry shift toward energy efficiency and the technologies that make those savings accessible to more customers. 75F’s wireless solution is easy to install and implement, offers fully-integrated AI and analytics, and can help get companies large or small on a path to meeting their energy or carbon reduction goals,” said Henning Sandfort, CEO of Building Products at Siemens Smart Infrastructure. 75F’s vertically-integrated, full-stack solution includes custom hardware and software that works out of the box to improve comfort and indoor air quality while optimizing building energy use. The system uses built-in AI to create a digital twin of any commercial building, merging data from a wireless sensor network and third-party weather forecasts to predictively and proactively redirect air where it is needed most. More than a million data points and hundreds of thousands of individual decisions are analyzed and made in each customer building daily. The system is the only IoT-native solution available on the market today, a differentiator that leads to more connected, intuitive, efficient and affordable building operations.