Infogrid has raised $15.5m Series A funding to accelerate growth and address the climate crisis.

The AI company, which automates facilities management and develops smart buildings, will use the funding to help businesses reduce the environmental and social cost of their buildings.

The funding came from a combination of UK and US investors, and the round was led by Northzone with participation with a number of other businesses including a global real estate investment group and a large international asset owner.

William Cowell de Gruchy, founder and chief executive said: “Until now, the lack of viable and scalable technology has meant that facilities management is one of the last industries to be enhanced by digitisation, despite covering the world’s largest asset class. Infogrid’s end-to-end smart building system finally arms organizations with insight to take control and take action.

“This new era of insight and automation will bring about a positive impact on the efficiencies of businesses, the wellbeing of employees, and the environmental footprint of buildings.”

Jeppe Zink, partner at Northzone said: “With the world undergoing the largest wave of urban growth in history, the built environment already generates 39 per cent of annual global carbon emissions. We were instantly drawn to Infogrid for its ability to future-proof buildings in the long-term, through smart sensors and real-time data that has a major impact on limiting wasted energy as well as helping businesses cut down on manual maintenance efforts.”

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