HELIXintel, a pioneering platform offering building management, predictive analytics, and equipment management solutions, has successfully wrapped up its competitive Series A funding round, paving the way for its considerable expansion and growth.
The round was spearheaded by National Grid Partners, the venture and innovation division of National Grid. Other investors who participated in this round included Munich Re Ventures, Stellifi, Motivate Ventures among others.
At the cutting edge of building management transformation, HELIXintel is making significant strides. In a world where property managers, vendors, insurers, and energy firms grapple with fragmented data collection, multi-software dependence, and inadequate communication channels, HELIXintel’s platform offers an answer. These issues have long led to data gaps, increased property risk, frequent equipment breakdowns, and inefficient energy performance.
The company’s platform meticulously organises and sources property and asset data on a large scale, empowering businesses to make informed, strategic decisions. This uncovers hidden value within properties and assets, fostering transparency, engagement, and benefitting all stakeholders in traditionally murky industries.
The new capital and National Grid’s network will be used to broaden the company’s product range and reach. As HELIXintel’s CEO, Jon DeWald noted, “We recognise that every stakeholder benefits when equipment breakdown is accurately predicted and prevented. We are poised to empower proactive maintenance and equipment upgrades that enhance efficiency, minimise downtime, and bring cost savings to both our valued customers and insurance companies.”
National Grid, one of the leading providers of electricity, natural gas, and clean energy services, has consistently been a frontrunner in embracing innovation and scalable energy technologies. The company’s investment in HELIXintel emphasises its commitment to reaching net-zero emissions from its gas and electric networks by 2050. Furthermore, National Grid aims to instigate a significant shift in energy consumption patterns by doubling the rate of efficiency retrofits within the building sector.
In anticipation of the Series A funding round, HELIXintel revealed its latest innovation, HELIXintel Savings Scout™. This innovative service assists businesses in identifying and applying for various forms of free funding, including rebates, grants, and tax credits, for operational and capital improvements. The solution unearthed incentives worth over $240,000 targeted at future cost reduction for a school in the Eastchester Union Free School District, highlighting considerable opportunities for improved efficiency and financial gains.
“This new investment round signifies a milestone in HELIXintel’s mission to empower businesses by leveraging their platform as a Predictive and Preventive Engine™,” DeWald added. “We can assist businesses in unlocking untapped potential and achieving remarkable outcomes.”
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