Optimum Energy has completed a USD12.2m financing round, led by new investor Navitas Capital (backed by a venture capital advisory relationship with Johnson Controls) and including existing investor Columbia Pacific Advisors.
The financing round will accelerate Optimum Energy’s strategic focus on augmenting its next-generation energy optimisation solution.
"We’re thrilled with the strong interest from investors in our enterprise-class, data-driven optimisation solution," says Matthew Frey, president and chief executive of Optimum Energy. "This financing round will cement our position as the market leader in next-generation optimisation. And it will enable us to continue our research and development on cutting-edge machine learning technology, which is transforming our software into a true source of real-time predictive intelligence."
"We see the potential of the Optimum Energy platform to fundamentally alter the energy efficiency and asset efficiency equations for large-scale HVAC installations worldwide," says Navitas’ managing partner James Pettit. "As a specialised VC firm that prides itself on identifying breakthrough innovations in the building sector, we believe that Optimum is the clear market leader in providing optimisation solutions for smart buildings, leveraging a scalable software design, a deep knowledge base in building systems and strong strategic partners, including Johnson Controls."
"We have partnered with Optimum Energy to foster innovation in building optimisation technology," says John Murphy, vice president of Johnson Controls Building Efficiency. "Our goal is to provide facility professionals with better ways to manage their buildings so they can achieve their financial, operational and environmental objectives."
