75F, an IoT and AI-driven commercial HVAC automation company, has raised $45 million in a Series B funding round led by Accurant International’s Net Zero Alliance.
The round also saw participation from Carrier Global Corporation, Climate Investment, Breakthrough Energy Ventures, Next47, and WIND Ventures.
The funds raised will be used to scale its operations, targeting multi-site portfolios including offices and retail, school districts and municipalities, warehouses, and manufacturing. The company continues to invest heavily in its AI platform for commercial buildings, Saffron AI, which debuted in 2023.
“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,” said Deepinder Singh, founder and CEO of 75F.
“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,” said 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, aligns with our strategic vision. Together, we aim to enhance building automation, benefiting our customers and reinforcing our industry leadership,” said Mead Rusert, Vice President, Carrier Building Technologies.
Founded in 2012 by Deepinder Singh, 75F is an Internet of Things (IoT) and AI-driven commercial HVAC automation company that offers smart sensors and controls. The company leverages IoT, Cloud Computing and Machine Learning for data-driven, proactive building intelligence plus energy and comfort optimization. 75F claims that it has over 1,800 installations across nine countries.
