Lucid Raises $8M to Grow ‘Smart Building’ Platform
Lucid has raised $8.2 million in Series B funding to expand the capabilities of its BuildingOS platform. BuildingOS provides device connectivity and analytics in commercial buildings to help building managers make better decisions and improve performance.
Formation 8 Partners led the funding round, which also included investment from Zetta Venture Partners.
Lucid’s “operating system” for buildings serves as a central information hub for every system, meter and device. It connects with more than 150 metering and building systems, including building automation, submeters, lighting and plug load controls, on-site generation and demand response, as well as electric and gas utilities. The platform also provides instant integration for supported vendors’ Internet-connected hardware, and real-time analytics.
Building automation is a $35 billion global business and is growing at a rate of 55 percent annually, according to Lucid, adding that 94 percent of commercial buildings don’t have advanced building systems.
- Sustainability Reporting for Commercial Real Estate: GRESB
- Top 3 Reasons to Calculate Your Environmental Footprint
- Six Essential Steps to Drive Effective Energy Management
- How "Fixed" is the Fixed Price Product?
- How to Use Lean Tools to Cash In On Environmental and Energy Savings
- Sustainability Careers: Unlocking Hidden Employment Potential
- NAEM Trends Report: Planning for a Sustainable Future
- Integrated Building Optimization
- Trends in Energy Management: Where Should Your Next Investment Be?
- Integrating sustainability into your ERM framework
- Energy Efficiency Requires Engineering Efficiency
- Integrated Building Optimization: A Crucial Convergence of Demand-side and Supply-Side Energy Management Strategies
- Driving Productivity and Profit with Industrial Energy Management
- Energy Procurement in 2014: Products & Programs to Optimize Savings
- BUYING STRATEGIES IN A VOLATILE MARKET: What Businesses Need to Know about Retail Electricity Procurement