US-based smart building technology developer Verdigris has added $6.7m to a series A round led by manufacturing services provider Jabil, taking its total funding to $16m.
Verizon Ventures, the corporate venturing subsidiary of telecommunications group Verizon, was also among the participants in the new funding, as was Stanford StartX Fund and undisclosed existing angel investors.
Verdigris closed the round’s $9m first tranche, which was also led by Jabil and backed by Founder.org Capital, Data Collective and undisclosed angel investors, in December 2015.
Founded in 2010, Verdigris has built a platform that utilises artificial intelligence and internet-of-things technology to make buildings smarter. It can ‘learn’ the energy patterns of a building and produce details of energy use for each device it contains.
Jabil is a Verdigris customer as well as an investor, and intends to roll out the company’s technology across its manufacturing facilities.
Joe McGee, Jabil’s executive vice-president of strategic planning and development, said: “Our partnership with Verdigris exemplifies one of the many ways Jabil is working to innovate a better, more responsive energy future in the smartest, most efficient ways possible.
“Verdigris has allowed us to much better understand the drivers of our energy consumption and how we can minimise our demand.”