AAA BuildingIQ constructs $9m

BuildingIQ constructs $9m

BuildingIQ, a US-based provider of building energy management software for buildings, has raised $9m from a consortium including multi-corporate venture firm Aster Capital.

BuildingIQ has a partnership with Schneider Electric, a France-based equipment provider that is a cornerstone limited partner of Aster, to provide energy management tools.

The other investors in the round are Siemens Venture Capital, the corporate venturing unit of the eponymous Germany-based industrial conglomeratre, and venture capital firm Paladin Capital.

BuildingIQ was founded in Australia after backing of the Commonwealth Scientific and Industrial Research Organisation (CSIRO) before moving to the US.

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