75F, a leader in IoT and AI-driven commercial HVAC automation, announced a $45M Series B funding round, one of the largest in Minnesota history. This funding, led by Accurant International’s Net Zero Alliance, with participation from Carrier Global Corporation, Climate Investment, Breakthrough Energy Ventures, Next47, and WIND Ventures, underscores the market’s growing confidence in light commercial building automation and 75F’s easy and cost-competitive approach to building energy efficiency.
This funding round brings together a coalition of tech investors and industry experts who recognize 75F’s potential to transform the commercial building sector. And by providing hardware and software in an affordable solution, 75F is poised to expand energy-saving technologies beyond premium office spaces to a broader range of commercial properties.
The funding in 75F from Carrier Ventures aligns with the prior launch of Carrier ClimaVision in early 2024 and Carrier’s long focus on smart and sustainable solutions that improve energy and carbon emission performance.
With 1,800+ installations across nine countries, 75F plans to utilize this funding to scale operations, targeting multi-site portfolios including offices and retail, school districts and municipalities, warehouses and manufacturing. And the company continues to invest heavily in its AI platform for commercial buildings, Saffron AI, which debuted in 2023.
KEY QUOTES:
“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.”
– Bahman Hoveida, founder of Accurant International
“Our partnership with 75F reflects our belief in their innovation and expertise. Their work in next-generation technologies, including AI, align with our strategic vision. Together, we aim to enhance building automation, benefiting our customers and reinforcing our industry leadership.”
– Mead Rusert, Vice President, Carrier Building Technologies
“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.”
– Deepinder Singh, founder and CEO of 75F
