IoT-based smart building solution providing startup 75F rises $18M
Founder and CEO Deepinder Singh have 25 years of experience in electronics and computing with the world’s largest service providers AT&T, NTT, and Verizon. Energy-saving startup 75F is an intelligent building solution that utilizes the Internet of Things (IoT) and the latest in Cloud Computing to create systems that predict, monitor and manage the needs of buildings.
- 75F is an energy-saving IoT-based startup founded by Deepinder Singh and Pankaj Chawla in 2012.
- Startup 75F raised $18M on 4th September 2019 from Breakthrough Energy Ventures in Series A funding round.
- 75F raised total funding of $20.9M over 5 rounds funded by 7 investors. Revolution and Breakthrough Energy Ventures are the most recent investors.
“Company will utilize this fund in innovative product development and strengthen the network of clients in North America, the Middle East, and APAC including India, Singapore, China, and Australia.” Said CEO, Deepinder Singh.
Mercedes-Benz R&D Centre India, HOM Furniture, LTI (Larsen & Toubro Infotech), Firstsource Solutions, Amazing Lash Studio, Cyprus Classical Academy Burnsville, Flipkart are some big clients of 75F.
75F offers a vertically-integrated smart building solution that has wireless sensors, equipment controllers, and cloud-based software, delivering predictive, proactive building automation for heating, ventilation, and air conditioning (HVAC), lighting and energy optimization, company said in the statement made on their website.
75F claims that their IoT- based products are easy to install, operate, maintain and more productive.
“MBRDI saves up to 25% on HVAC & Lighting energy, improves occupant experience and enhances operational efficiencies with 75F.“Mercedes Benz’s new R&D Center
“With 75F’s solution, we gained energy savings of over 55% as well as manpower savings. Thanks to 75F Facilisight, we are able to manage the facility at the click of a button and I can allocate resources to other maintenance activities.”Mr Kishore Kumar | Sr Facility Manager, LTI
“The largest benefit to us is that we know the temperature is going to be right for the class that it’s set to be. We know that our energy consumption is as optimal as possible”Ashok D., Franchisee YogaFit Studios.