For building owners, being able to save energy ultimately results in improved operation of a facility, which can be done with wireless monitoring and energy-saving solutions. Now, this area is getting a little funding from investors to move the technology forward.
SensorSuite Inc., www.sensorsystems.com, an IoT (Internet of Things) company that provides innovative wireless monitoring and energy-saving solutions for multi-residential, commercial, and industrial buildings, announced the successful closing of funding from Extreme Venture Partners, www.evp.vc, BDC Capital, www.bdccapital.ca, and private angels.
This funding will support growth plans for SensorSuite’s project pipeline and fuel the development of its disruptive monitoring and energy-management platform. This unique system overcomes the traditional installation barriers to retrofitting existing buildings with energy saving control systems—the rewiring.
When compared with wired solutions, SensorSuite delivers significantly shorter payback periods, especially in retrofits, and in some cases is the only viable solution for electrically heated buildings.
SensorSuite’s solution implements advanced mobile commissioning apps, as well as a highly reliable and scalable wireless sensor network architecture suitable for controlling a single suite, entire floor, or multi-building installation.
Smart buildings are already a $35 billion global business growing 55% annually, and yet more than 90% of commercial buildings don’t have advanced building systems.
SensorSuite’s advanced sensor networks and control systems are currently deployed in three million sq.ft. of commercial space across customers in grocery stores, hotels, gyms, condos, and multi-residential apartment buildings.
Want to tweet this article? Use the hashtags: #IoT, #M2M, #security, #SensorSuite, #energymanagement, #funding, #smartbuildings