Minnesota-based tech startup 75F 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.

This funding marks one of the largest investments in Minnesota’s history, reflecting the growing demand for energy-efficient solutions in commercial buildings.

The company plans to use the fresh capital to expand its operations and enhance its AI-driven platform, Saffron AI, which was launched in 2023.

75F leverages Internet of Things (IoT) devices, cloud computing, and machine learning to optimize heating, ventilation, and air conditioning (HVAC) systems, making them smarter and more efficient.

With over 1,800 installations across nine countries, including offices, retail stores, schools, government buildings, warehouses, and factories, the company’s hardware and software solutions aim to help businesses of all sizes reduce energy consumption and improve indoor comfort.

Founder and CEO Deepinder Singh emphasized that 75F’s mission is to simplify and democratize smart building technology, and this funding will support the company’s efforts to bring its solutions to a broader customer base, from single-building owners to large property networks.

Accurant International’s founder, Bahman Hoveida, highlighted that 75F’s technology addresses a crucial gap in the market by offering accessible and scalable building automation solutions for properties of all sizes.

With the new funding, 75F aims to expand its presence in India and other markets by making energy-saving and comfort-enhancing solutions that are typically found in premium office spaces accessible to a broader customer base.

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