Clockworks Analytics, which provides cloud-based building analytics systems, announced that it had closed a $16.1 million funding round, bringing the company's total funding to $28 million since its 2008 founding in MIT's Building Science department. Some clients include MIT, Kaiser Permanente, Harvard University, Merck, and GK Norway.
The funding "will support continued product development, investments in sales and marketing, and expansion of the company's international presence," according to a company press release.
The round was led by Carom Growth Partners with participation from existing investor, SE Ventures. The company focuses on analytics that can help pinpoint faults and inefficient operations in buildings and claims having worked with more than 2,500 buildings.
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