AI Startup 75F Raises $45Mn Funding In Series B Round

IoT and AI-based HVAC automation company 75F raised $45 million in Series B funding round led by Accurant International's Net Zero Alliance.

The round also saw participation from Carrier Global, Climate Investment, Breakthrough Energy Ventures, Next47 and WIND Ventures. 

The company will use the new funds to grow its operations and improve its AI platform, Saffron AI, launched in 2023. It plans to expand its solutions for offices, retail chains, schools, cities, warehouses and factories.

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"75F's technology addresses a critical gap in the market. By making building automation accessible to properties of all sizes, we're accelerating the path to grid-connected buildings and bringing widespread energy efficiency in the commercial sector,” said Bahman Hoveida, Founder of Accurant International. 

"Our partnership with 75F reflects our belief in their innovation and expertise,” said Mead Rusert, Vice President of Carrier Building Technologies. He added, “Their work in next-generation technologies, including AI, aligns with our strategic vision. Together, we aim to enhance building automation, benefiting our customers and reinforcing our industry leadership." 

"This investment validates our mission to make smart buildings easy. We're proving that sophisticated energy management can be both powerful and user-friendly, opening doors for businesses of all sizes to capture immediate comfort and energy savings," said Deepinder Singh, Founder and CEO of 75F.

Carrier Ventures' investment in the Minnesota startup supports the early 2024 launch of Carrier ClimaVision and its commitment to sustainable, energy-saving solutions.

About 75F 

Founded in 2012 by Deepinder Singh and Pankaj Chawla, 75F makes IoT-based building management systems. The company has over 1,800 installations in nine countries, using smart sensors, cloud computing, and machine learning for smarter buildings.

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