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75F announces new investment from Siemens AG

Tuesday, 20 Jul 2021
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75F, the India-US based IoT-based building automation technologies to optimise indoor air quality and energy efficiency in commercial spaces, announced an investment from Siemens AG.  
 
Next47, the global venture capital firm backed by Siemens, led the investment on behalf of Siemens Smart Infrastructure. The latest influx in 75F’s Series-A funding round brings the Minneapolis-based company’s total funding to USD 28 million. 
 
75F’s wireless solution is easy to install and implement, offers fully-integrated AI and analytics, and can help get companies large or small on a path to meeting their energy or carbon reduction goals. 
 
75F’s vertically-integrated, full-stack solution includes custom hardware and software that works out of the box to improve comfort and indoor air quality while optimising building energy use. 
 
The system uses built-in AI to create a digital twin of any commercial building, merging data from a wireless sensor network and third-party weather forecasts to predictively and proactively redirect air where it is needed most
 
The Asia-Pacific region is a key part of 75F’s global road map. It represents a unique opportunity given the high economic growth, increasing energy costs and the rising demand for cooling in warm climate regions.
 
The company has been gaining ground in this market, growing at triple-digits Y-o-Y, and see for continued growth in an addressable market of USD 10 billion.
 
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