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.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":1925092,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,entrepreneur,","session":"C"}']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.
AI Weekly
The must-read newsletter for AI and Big Data industry written by Khari Johnson, Kyle Wiggers, and Seth Colaner.
Included with VentureBeat Insider and VentureBeat VIP memberships.
The startup says its partnership with Schneider Electric will help KGS to grow its team and further build its software and cloud-based solution.
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn More