EMBEDDED TECH

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

Siemens Smart Infrastructure | July 19, 2021

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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ENGINEERING TECH,CONSTRUCTION

Nexamp Provides Non-Wires Alternative Solution for National Grid Substation in New York

National Grid | September 20, 2022

Nexamp, together with National Grid, is addressing increased energy demand at the Coffeen substation in Watertown, New York with the construction of a new solar + storage facility that will eliminate the need for additional transmission lines or substation upgrades through a Non-Wires Alternative (NWA) approach. NWA projects are designed to reduce cost and complexity by using distributed energy resources such as solar + storage rather than relying on more traditional generation and infrastructure enhancements. The Watertown Renewables project features more than 20,000 solar panels generating 8.4 megawatts (MW) of renewable energy and 10 Tesla Megapack systems providing 31 megawatt hours (MWh) of energy storage. Together, the solar and storage components of Watertown Renewables are engineered to give National Grid the ability to call on the system for up to 5.7 MW / 29 MWh up to 25 times per year either from the panels or the batteries. "This project is significant because it represents a number of important firsts, It is our first NWA project and is the result of a lot of hard work and collaboration between Nexamp and National Grid. With solar + storage technology advancing so quickly, NWA projects represent new opportunities to innovate the way we solve demand issues on the grid. As we work on additional NWA solutions in other locations, we anticipate many exciting milestones ahead." -Chris Clark, Chief Development Officer, Nexamp. Watertown Renewables is part of Nexamp's extensive portfolio of distributed solar and storage assets and will also serve area residents through the company's popular Community Solar program, providing energy costs savings to subscribers while delivering a new source of renewable energy to the local grid. This project is capable of offsetting the energy needs of more than 1,000 local residents who get their electricity from National Grid. "National Grid is committed to reducing greenhouse gas emissions by increasing the amount of renewable energy on the grid while improving reliability and affordability for customers, Our recently released Clean Energy Vision plan outlines a pathway to achieve a fossil-free future to our energy systems that incorporates renewable sources of energy and storage solutions such as this non-wires alternative in Watertown. Nexamp's expertise in developing and operating energy storage solutions that benefit utilities and communities made them a natural fit for this project." -Brian Gemmell, National Grid's Chief Operating Officer for Electric in New York. Nexamp has dozens of other solar + storage projects already in operation across the Northeast and around the country. As a provider that offers an integrated approach from design/build to owner/operator, Nexamp is a long-term partner to the communities in which it operates. The Watertown Renewables project is expected to be completed early next year. About Nexamp: Nexamp is leading the transformation to the new energy economy with proven solar and storage solutions that make clean energy more accessible for our customers and partners. Our comprehensive solar and energy storage capabilities—including project development and acquisition, design, construction, and operations—enable clean energy savings and benefits for more customers. Nexamp's industry-leading community solar platform makes solar an option for anyone, offering guaranteed savings on annual electricity costs. With more than 1 GW of renewable energy generating assets currently in operation or under construction, we are building a decarbonized energy future. Visit us at www.nexamp.com. About National Grid: National Grid ( NYSE: NGG) is an electricity, natural gas, and clean energy delivery company serving more than 20 million people through our networks in New York and Massachusetts. National Grid is transforming our electricity and natural gas networks with smarter, cleaner, and more resilient energy solutions to meet the goal of reducing greenhouse gas emissions.

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CONSTRUCTION

QuoteToMe Launches Procore Integration

Procore | August 18, 2022

QuoteToMe, a leading provider of procure-to-pay automation software, today announced a new partnership with Procore (NYSE:PCOR), a leading global provider of construction management software. QuoteToMe's integration with Procore will help increase efficiency for contractor businesses looking to improve their procurement processes. Construction is a $10T/year global industry, over $1T is spent on materials and equipment in the US and Canada alone. Due to an inefficient incumbent procure-pay workflow, the result is billions of dollars of waste on project overspend and re-work. The construction industry standard for procure-pay workflows includes manual non-centralized communication (phone, text, email) between project teams and suppliers, many paper-based processes, and little to no visibility between contractor departments (field, office and accounting). Using QuoteToMe’s end-to-end platform consistently saves contractor field and office teams 75% of the time spent to source goods and process purchase orders (POs) and creates up to 15% cost savings on materials and equipment. The integration between QuoteToMe and Procore helps effectively eliminate data entry and frees time for project managers and site supervisors. Using the QuoteToMe app, field and office users will have the ability to create purchase orders from their mobile devices or desktop computers that can automatically sync with Procore’s Project Financials product. “Today, we welcome QuoteToMe to a global ecosystem of over 300 Procore App Marketplace Partners, The seamless integration of QuoteToMe with our platform can save our customers time and money, allowing them to protect their profit margins and reduce the administrative burden of procurement.” -Jas Saraw, VP Canada, Procore. Creating a seamless product experience for Procore users unlocks value for all. Our go-to-market and product strategy places a strong emphasis on integrating with leading software companies, like Procore, said John Chabluk, QuoteToMe’s founder and CEO QuoteToMe’s product is a fit for self-performing general and sub-contractors across all four customer segments: Emerging, Mid-Market, Major and Enterprise. Contractors’ clients annual revenue volumes ranging from $15M/year to $1B+. The benefits of this new integration include: Request quotes from your preferred material and equipment suppliers, manage purchasing approvals, and enforce purchasing limits. Send completed purchase orders, invoices, and related documents directly to Procore. Create POs commitments directly from QuoteToMe's mobile app to capture receipt-of-goods documents on-site or in the store. Rapid onboarding of new contractor customers. QuoteToMe syncs and makes Procore project, supplier, and cost code data available to users on-site or in the office through our web and mobile app. About QuoteToMe: QuoteToMe is a technology company creating innovation for one of the biggest industries on the planet. We have re-imagined how materials, equipment, and services are sourced and paid for on construction projects by helping contractors buy better. Our mission is simple: We are digitizing the construction procure-to-pay workflow by creating a network that connects transaction stakeholders. QuoteToMe is a privately owned company, with industry leading equity partners including: Builders VC, Blackhorn Ventures, Argonautic Ventures, Azure Capital Partners and the Stanford University Farmers Angel Investment Club. About Procore: Procore is a leading global provider of construction management software. Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore's platform. Procore’s platform connects key project stakeholders to solutions Procore has built specifically for the construction industry—for the owner, the general contractor, and the specialty contractor. Procore's App Marketplace has a multitude of partner solutions that integrate seamlessly with Procore’s platform, giving construction professionals the freedom to connect with what works best for them. Headquartered in Carpinteria, California, Procore has offices in the United States, Canada and around the globe.

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CONSTRUCTION

Kojo Raises $39 Million Series C to Accelerate Modernizing the Construction Industry

Kojo | September 17, 2022

the construction industry's leading materials management platform – today announced the completion of its $39 million Series C funding round led by Battery Ventures with participation from new investors Schneider Electric, RXR, and Bienville Capital. Existing investors including 8VC, Suffolk Construction, Human Capital, AME, and BoxGroup also participated in the round. Additionally, Kojo shared that Michael Brown, general partner at Battery Ventures, joined its board of directors. "Our mission is to make it faster, easier, and more sustainable to build the world around us. Supply chain disruptions and inflation have made it incredibly challenging to keep projects on-time and on-budget. With this new round of funding, we're excited to continue building best-in-class products that help contractors all over the U.S. save money, increase their productivity, and become more resilient." -Maria Rioumine, CEO and Founder of Kojo. The $800 billion a year commercial construction industry is facing more volatility than ever with soaring construction costs, material and labor shortages, and supply chain constraints. Too many contractors today lack control and visibility over their supply chains, and critical projects are slowed down by error-prone and manual materials ordering processes. Kojo's software brings field, office, warehouse, and vendor teams onto a single platform, making it easy for contractors to manage their materials needs from project takeoff to closeout. To date, Kojo has powered the construction of nearly 10,000 projects, including hospitals, schools, and multi-family housing projects, across 46 states. Despite the recent economic slowdown, Kojo has grown annual recurring revenue 3.5x year over year and expanded to serve all major construction trades. In the last 18 months, Kojo has seen a 12x increase in users and saved customers more than $19 million on their materials orders. Alongside the new round of funding, Kojo is launching new products to further streamline payments and project spend management. Contractors will be able to reconcile their invoices and pay for materials directly on Kojo's platform, allowing them to accurately track project spend. With new distributor integrations, contractors will also be able to directly see distributor pricing and inventory to make the best buying decisions. "At Battery, we're focused on investing in entrepreneurs building industry-transforming companies, The construction industry has been underserved by technology for far too long, and that's led to huge challenges over the past few years. We're thrilled to be partnering with Kojo to change that and bring much needed software and financial services to commercial trade contractors." -Michael Brown, general partner at Battery Ventures. About Kojo: Kojo, the construction industry's leading materials management platform, enables trade and self-perform general contractors to take control of their margins by consolidating the procurement process onto one, all-inclusive digital platform. By connecting the field, office, warehouse, accounting teams, and vendors, contractors gain visibility into real-time materials spending and usage, streamline workflows, and increase labor productivity. Contractors have access to a network of thousands of vendors to source the best prices and availability, find cost savings and reduce material waste. Kojo is trusted by hundreds of contractors and utilized by thousands of construction professionals across the country every day.

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ENGINEERING TECH,CONSTRUCTION

New Model-Based Workflows, Reality Capture and Extended File Support in Autodesk Construction Cloud Make BIM More Valuable to Construction Teams

Autodesk | September 28, 2022

Autodesk University – Autodesk, Inc. (NASDAQ: ADSK) today announced a suite of new capabilities across Autodesk Construction Cloud, making it easier for construction project teams to use and maximize the value of BIM from the office to the field. The enhancements provide all stakeholders with immediate access to model data and information that's relevant, empowering team members to simplify workflows and make critical decisions faster. Also announced today are significant advancements to Schedule and Cost Management capabilities within Autodesk Build, the comprehensive construction management and field collaboration solution of Autodesk Construction Cloud, aimed at helping customers deliver construction projects on time and on budget. "To stay in command of increasingly complex and demanding construction projects, we need to ensure teams can work from the latest information and quickly make informed decisions, The model is a great source of truth during design and planning, but data isn't easily transferred to construction teams during the build phase of a project. With the new model-based capabilities added to Autodesk Construction Cloud, we can use live Revit data to create assets, tie model properties directly to the assets, and view all the information we need in either 2D or 3D. We're now able to take full advantage of model data to save time across all projects, minimize miscommunication and make smarter business decisions." -James Mize, VDC and digital delivery specialist at CRB Group. Model data made easier for every stakeholder with new Autodesk Construction Cloud releases With the new advancements launched across Autodesk Construction Cloud today, construction teams can get immediate access to and work more easily with BIM data, empowering stakeholders to use model data to identify potential project impacts, operate more efficiently and make better decisions. Model-Based Workflows in Assets – Assets in Autodesk Build are now mapped and visualized in 3D using the latest design model, providing field teams with up-to-date asset tracking and equipment details. This simple automation helps to prevent errors associated with outdated model data and makes it easier to connect assets to RFIs, Submittals, Issues, Schedule, and other workflows. Model Property Breakdown – Massive design files can now be parsed out into more digestible portions by creating custom views of model properties that are relevant to that day's work. Now, customers can simply select or deselect elements including levels, property categories, rooms, disciplines, objects, or a custom property, to create a more readily and easily shareable view of the model. Model Property Breakdown will be available in Autodesk Build, Autodesk BIM Collaborate and Autodesk Docs. Read more and watch a video about this new feature on our blog. Publish to the Field – VDC teams in Autodesk BIM Collaborate can create and share ad hoc views and sign-off models with field stakeholders using a mobile device, all without leaving Autodesk BIM Collaborate. Paired with Model Property Breakdown, these tools remove manual steps, simplify model data for the field, and save time for the entire project. Publish to the Field is currently in open beta. Extended File Support for Mobile – Now customers can use their mobile app at the jobsite to navigate and interact with an expanded list of supported 2D and 3D design file types, including DWGs and 2D RVTs. Reality Capture in Autodesk Construction Cloud – Files from reality capture such as laser scans or photogrammetry can now be brought directly into Autodesk Construction Cloud, enabling VDC teams to record precise measurements, aggregate with other models, identify and resolve issues, take progress snapshots, and provide comprehensive closeout documentation. For example, using reality capture methods like laser scanning or photogrammetry, project teams can create and work with 3D models of existing structures, such as for new builds with existing facades or capturing existing conditions for infrastructure projects, all within Autodesk Construction Cloud. "Design files are packed to the brim with essential data, but each project stakeholder needs something different from the model, The advancements we're announcing make it easier to access model data, removing unnecessary steps and ensuring the latest information is directly in the hands of those who need it, whether they're in the office, the trailer or out in the field. Autodesk is empowering our customers to truly connect design to construction and drive tight collaboration across the entire project lifecycle." -Ilai Rotbaein, senior director, research and development, Autodesk Construction Solutions. About Autodesk: Autodesk is changing how the world is designed and made. Our technology spans architecture, engineering, construction, product design, manufacturing, media and entertainment, empowering innovators everywhere to solve challenges big and small. From greener buildings to smarter products to more mesmerizing blockbusters, Autodesk software helps our customers to design and make a better world for all.

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If you’re serious about implementing robotic process automation within your company, you may already realize that RPA is a major investment that can offer you enormous benefits. But just how much can it do for your business?

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