Clockworks Analytics, Newly Rebranded Smart Building Company, Raises $8 Million in New Growth Funding

Funding Rounds

▤ Summary

With its dynamic monitoring of building systems, the software identifies equipment degradation that impacts humidity or ventilation — which experts believe lead to virus transmission — in real time. With this funding round complete, Clockworks Analytics intends to accelerate its product roadmap to further distinguish itself from competing building technologies. Driven by an agile development process, the company plans to roll out a wide range of improvements in the coming months, including new business intelligence reporting. “We are always intrigued by companies with the opportunity to be disruptive in their industry and we believe strongly that the Clockworks Analytics’ platform will transform how facilities manage and measure their building performance. With a cloud-based system that enables the team to be nimble in deploying the platform and upgrading protocols, Clockworks Analytics represents the rare scalable business model that can already boast significant market penetration.” Clockworks Analytics (formerly “KGS Buildings”) is an essential smart building intelligence platform that provides data-driven insights into property operations for facility and energy managers.

$ Funding

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Amount $8.0M Total raised
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Date December 9, 2020 Announcement date
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Investors - Lead investors
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Company - Funded company

▥ Classifications

industries
HealthTech
applications
Business Intelligence

◇ AskAI Classifications

Labels
Building Analytics Software Fault Detection and Diagnostics Software SaaS

▦ Linked Companies