75F, a Minneapolis-based leader in IoT and AI-driven commercial HVAC automation, announced the successful completion of a $45 million Series B funding round. The round was led by Accurant International's Net Zero Alliance, with significant participation from Carrier Global Corporation, Climate Investment, Breakthrough Energy Ventures, Next47, and WIND Ventures.
This infusion of capital is set to accelerate 75F's mission to make building automation more accessible and energy-efficient. The company plans to scale its operations, targeting multi-site portfolios including offices, retail chains, school districts, municipalities, warehouses, and manufacturing facilities. A significant portion of the funds will be allocated to advancing 75F's AI platform, Saffron AI, which debuted in 2023.
"75F's technology addresses a critical gap in the market," said Bahman Hoveida, founder of Accurant International. "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."
Mead Rusert, Vice President of Carrier Building Technologies, added, "Our partnership with 75F reflects our belief in their innovation and expertise. 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."
Founded in 2012 by Deepinder Singh and Pankaj Chawla, 75F has over 1,800 installations across nine countries. The company's solutions leverage IoT, cloud computing, and machine learning to provide data-driven, proactive building intelligence, optimizing both energy usage and occupant comfort.
Our Opinion on the News
75F's successful Series B funding round underscores the growing demand for intelligent building solutions that enhance energy efficiency and sustainability. The involvement of prominent investors highlights confidence in 75F's innovative approach to HVAC automation. As energy efficiency becomes increasingly critical in the commercial sector, 75F is well-positioned to lead the transformation toward smarter, more sustainable buildings.