BENGALURU: Wireless building automation firm 75F has raised $18 million (Rs 130 crore) in Series A funding co-led by Breakthrough Energy Ventures and Oil & Gas Climate.Building Ventures, Revolution’s Rise of the Rest Seed Fund, and Clean Energy Trust also participated in the round.
75F, founded by Deepinder Singh in 2012, drew inspiration from the United Nation’s campaign to raise thermostats in their secretariat building from 70 to 75°F among other efforts to reduce carbon emission. Singh extended that spirit to reflect in its brand name. Before founding 75F, Singh worked with AT&T, NTT and Verizon. The company has raised $25 million to date.
75F offers integrated smart building solutions that include wireless sensors, equipment controllers and cloud-based software. “This strategic funding will allow 75F to invest in key positions, continue to innovate our product and customer solution, and strengthen our partner network across North America, Middle East, and APAC including India, Singapore China, and Australia,” said Singh.
75F's solution saves up to 50% on HVAC (heating, ventilation & cooling) and lighting energy.
Traditional building controls systems are seen to be overbuilt and require extensive resources to install, setup, custom programme, and maintain. The 75F system reduces install time, while cutting costs for facility managers.