75F Announces New Investment from Siemens AG, Bringing Total Funding to $28M
MINNEAPOLIS — 75F, a global provider of IoT-based building automation technologies to optimize IAQ and energy efficiency in commercial spaces, announced an investment from Siemens AG. Next47, the global venture capital firm backed by Siemens, led the investment on behalf of Siemens Smart Infrastructure. The latest influx in 75F's Series A funding round brings the Minneapolis-based company's total funding to $28 million. Next47 joins a prestigious group of investors who have supported 75F, including Bill Gates' Breakthrough Energy, OGCI Climate Investments, and WIND Ventures, among others.
"This investment signals a broader industry shift toward energy efficiency and the technologies that make those savings accessible to more customers," said Henning Sandfort, CEO of building products at Siemens Smart Infrastructure. "75F's wireless solution is easy to install and implement, offers fully-integrated AI and analytics, and can help get companies large or small on a path to meeting their energy or carbon reduction goals."