Embedded Tech

75F Announces New Siemens AG Investment, Bringing Total Funding to $28M

75F, the global leader in IoT-based building automation technologies for optimizing indoor air quality and energy efficiency in commercial spaces, announced today that Siemens AG had invested. Siemens Smart Infrastructure was represented in the investment by Next47, a global venture capital firm backed by Siemens. The newest round of funding for 75F's Series A round takes the company's total capital to $28 million. Next47 joins a notable group of investors backed by 75F, including Bill Gates's Breakthrough Energy, OGCI Climate Investments, and WIND Ventures.

75F's vertically integrated, full-stack solution includes proprietary hardware and software that works right away to improve comfort and indoor air quality while reducing building energy consumption. The system uses built-in artificial intelligence to create a digital twin of any commercial building, using data from a wireless sensor network and third-party weather forecasts to predictably and proactively redirecting air where it is most needed. Every day, each customer building analyzes and makes hundreds of thousands of individual decisions based on over a million data points. As a result, the system is the market's first IoT-native solution, a differentiator that leads to more connected, intuitive, efficient, and cost-effective building operations.

About 75F
75F develops and produces the world's top IoT-based Building Management System, an out-of-the-box, vertically integrated system which is less affordable and easier to deploy than anything else on the market today. The company uses IoT, Cloud Computing, and Machine Learning to provide data-driven, proactive building intelligence and HVAC and lighting optimization controls. Some of the greatest names in energy and technology are among the investors. 75F's goal is to increase occupant productivity by improving comfort and indoor air quality while saving energy and the environment.

About Siemens Smart Infrastructure
Siemens Smart Infrastructure (SI) is reshaping the market for intelligent, adaptive infrastructure for the present and future. It connects energy systems, buildings, and industries to solve the pressing challenges of urbanization and climate change. SI offers clients a comprehensive end-to-end portfolio from a single source, including products, systems, solutions, and services from power generation to consumption. An increasingly digitalized ecosystem helps customers thrive and communities develop while also contributing to environmental protection. SI creates caring environments. The global headquarters of Siemens Smart Infrastructure is in Zug, Switzerland. The company has about 69,600 employees worldwide as of September 30, 2020.



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