As retail and office buildings focus on optimizing equipment performance and providing healthy indoor environments, Buildings IOT today announced that the company has secured a $10 million growth investment with Keyframe Capital.
"Building stakeholders are scrambling to adjust to a post-pandemic world, and Buildings IOT is well-positioned to assist them in this period of critical transition," asserts Ben Birnbaum, partner at Keyframe Capital. "Based on the company's maturity and deeply unique technology, we believe that the Buildings IOT team is poised to deliver outstanding value to the commercial real estate market that is seeking more efficient, secure, and healthy environments."
As a provider of software, services, and solutions for all aspects of building systems management, Buildings IOT says its technology streamlines building data, making it easier and more cost-effective for owners and operators to maintain assets throughout their lifespan. As a Master Systems Integrator, Buildings IOT installs and configures building control systems for operational areas as diverse as HVAC, access control and IT infrastructure; Buildings IOT's BMS then brings the data from each of those systems together within a single management interface command-and-control system.
Further, Buildings IOT offers an advanced building analytics, automation, and management platform as a service to building operators and service providers, primarily through its onPoint and IOT Jetstream products. Managing 220 million square feet of building space in the data center, utilities, government, pharmaceutical, retail, commercial real estate and higher education segments, the company delivers software and services including master systems integration, building systems contracting, building systems service, and annual subscriptions.
The firm, headquartered in California's Bay Area with offices in New York City, Canada, and a distributed North American workforce, says that overall it seeks to provide operators with simple and actionable solutions that increase building health and reduce utility costs, energy consumption, carbon emissions, and cyber risk. Per the company's statement:
Buildings IOT captures the opportunities inherent in collecting, securing, modeling, transforming, and visualizing building data. In addition to helping clients sift through the deluge of information, the company also offers services that enable smart buildings to become highly functional, healthy, and attractive for occupants.
Buildings IOT simplifies smart buildings with software, services, and solutions for every aspect of building management. Command-and-control from a single pane of glass, analytics enhanced by machine learning, and a building-domain-centric data management platform, Buildings IOT delivers smart buildings that live up to the hype.
We also design and install building controls and automation systems, offer IT-managed services and device testing for cybersecurity vulnerabilities, and provide data-driven maintenance to some of the world's largest building portfolios.
"As vaccinations increase and employees return to out of home workspaces, building owners and managers are accelerating efforts to make their spaces safe, secure, and compliant," observes Brian Turner, CEO of Buildings IOT. "This investment by Keyframe Capital enables us to more quickly scale our data management platforms and our full suite of building services, ultimately allowing us to reach more customers and have a greater positive impact on the built environment."
Significantly, while improving the value of their building assets, Buildings IOT says its clients also play a role in helping to reduce the country's commercial building energy usage and emissions -- which utilize a reported 71 percent of the nation's electricity, 54 percent of the natural gas, and emit 40 percent of the greenhouse gases, as cited by the company.
"The high energy needs of commercial buildings often place a great strain on the nation's grids during peak periods and are responsible for a staggering amount of emissions," adds Buildings IOT's Turner.
He continues, "At the same time, it is critical that energy efficiency not come at the expense of indoor air quality, especially as healthy air is top-of-mind for everyone returning to indoor office spaces. Buildings IOT provides real solutions for greater energy efficiency and carbon reduction while also making it possible to monitor indoor air quality levels and change ventilation strategies immediately if necessary. As a result, building owners see an improvement in their operating costs, while tenants report feeling more comfortable and productive at work."
Buildings IOT's statement said the new funding will allow the company to scale up its sales team, increase product and technology development, and help clients monetize their data streams as tenants begin to inhabit buildings once again.
"Buildings are extremely complex ecosystems with dozens of systems running at all times," concludes Keyframe Capital's Birnbaum. "They have been starved of operational efficiency by equipment and controls manufacturers for decades, which has led to massive energy and cost inefficiency in buildings that the world is finally beginning to wake up to. While many building owners have ambitious, publicly-stated sustainability goals, and others will follow as they face regulatory pressure to do so, they often struggle to execute on action plans to achieve them. Buildings IoT provides the technology and services to enable them to achieve these goals."
For more information, visit https://www.buildingsIOT.com.
