BuildingIQ, Inc., which helps building owners worldwide lower energy use and boost operational efficiency, has closed its Series B funding round with $2.8M in fresh capital. The company's 5i Platform leverages an Internet of Things (IoT) approach to optimize HVAC energy costs and enhance occupant comfort.
The Series B round saw participation from investors including the Venture Capital unit of Siemens Financial Services, Paladin Capital, and Exto Partners. BuildingIQ was originally spun out from Australia’s National Labs and works closely with the US National Labs.
