Infogrid, a prominent building intelligence and analytics company, has raised $13 million in funding to advance its mission of addressing the environmental impact of real estate.
Led by Keyframe Capital and A/O, this investment coincides with the appointment of Kate Henningsen, a renowned climate tech leader, as Infogrid’s CEO.
The real estate industry faces multifaceted challenges, including stringent regulatory requirements, escalating costs, and the pressing need to mitigate climate risks, with buildings contributing significantly to global carbon emissions.
Infogrid’s AI-powered platform offers a data-driven solution to these challenges, empowering real estate stakeholders to reduce energy consumption, comply with sustainability reporting mandates, and demonstrate commitment to ESG goals.
Infogrid deploys IoT sensors in buildings to provide real-time insights into energy consumption, maintenance needs, air quality, and more.
Infogrid’s Healthy Building System comprises smart sensors, AI algorithms, and a centralized data hub to facilitate actionable insights for improving energy efficiency.
Studies show that by monitoring and automating HVAC systems, lighting, and window shading, energy savings of 30% to 50% can be achieved.
Infogrid’s solutions serve various stakeholders in the real estate sector, including owners, occupants, investors, regulators, and industry partners.
Owners and operators benefit from tools to optimize building performance and comply with regulations, while occupants enjoy improved comfort and energy efficiency.
Investors leverage data analytics for sustainable investment decisions, and regulatory bodies rely on Infogrid for transparency and compliance enforcement. Additionally, industry partners integrate Infogrid’s solutions to enhance their services and support clients in achieving sustainability goals.
The energy monitoring sector is experiencing significant growth, with projections indicating a rise from $4.10 billion in 2021 to potentially $5.99 billion by 2028, reflecting a 5.6% annual growth rate.
This surge is primarily driven by escalating demands for power and mounting environmental, social, and governance (ESG) pressures for enhanced efficiency.
The imperative for energy monitoring solutions aligns closely with these trends.
Why is there such a pressing need for energy monitoring solutions, and why should businesses contemplate their adoption? Globally, approximately 40% of all carbon emissions stem from the built environment, underscoring the substantial impact of building energy usage on our planet.
Recognizing this, shareholders and other stakeholders are urging companies to take notice and implement corrective actions.
A strategic approach involves transitioning to smart buildings that optimize efficiencies, lower costs, ensure compliance, and foster sustainability—wherein the integration of energy monitoring solutions plays a pivotal role.
