Cloud building management startup KGS takes in $2 million

KGS Buildings, a SaaS startup that helps buildings to keep track of their operation systems, announced today that it took in a $2 million investment from energy management and automation company Schneider Electric.

KGS’ technology provides buildings with operation and lifetime management of all its mechanical functions, such as heating and cooling levels, as well as pipe and water pressure.

The startup says its software offers one of the few ready-to-go analytics tools for an industry in which most solutions have to be built from scratch.

“This strategic investment positions our organizations for long-term collaboration and leadership in an analytics-driven facility services industry, while maintaining the independence that has enabled us to be nimble and adaptive while analytics technologies continue to grow and evolve,” said KGS cofounder Nicholas Gayeski.

The startup says its partnership with Schneider Electric will help KGS to grow its team and further build its software and cloud-based solution.