news 1 week ago

GreenGen Ventures Announces Equity Investment in Senseware

The Associated Press

BETHESDA, Md.--(BUSINESS WIRE)--Jun 12, 2019--

GreenGen Ventures, the corporate venture arm of Green Generation ( GreenGen ), today announced it has structured and invested in a new round of financing for Senseware, a full-stack IoT solution provider for smart buildings. The investment was made by a fund under its management.

Founded in 2013 by Serene Almomen and Julien Stamatakis, Senseware provides a cost-effective wireless solution that collects critical mechanical, electrical, plumbing, and environmental data from users’ facilities to give actionable insights. Senseware optimizes facility management with real-time, remote controls of critical systems, increasing operational efficiency by addressing the inevitable technological or functional obsolescence in users’ buildings.

“We have been working with Senseware since 2017 and could not be more pleased to invest in the Senseware team,” said Brad Dockser, chief executive officer of GreenGen. “We have seen firsthand how Senseware significantly improves building operations costs and system processes, and we look forward to helping them achieve their growth goals.”

Senseware maintains a robust portfolio of 26 IoT-related patents, and its systems are currently deployed in over 750 buildings in the US, as well as in three other countries. Senseware counts numerous real estate giants as clients, including Cushman & Wakefield, EastBanc, Boston Properties, and B.F. Saul Company.

“I am proud to partner with GreenGen to help take our company to the next level," said Serene Almomen, chief executive officer of Senseware. “Our mission is to use technology to provide a fast path to real energy savings. We will benefit greatly from GreenGen’s expertise and hands-on approach and expertise.”

Having been a long-term strategic partner, GreenGen will continue to support Senseware’s expansion of its business in the real estate investment industry.

About GreenGen LLC

Integrating energy, real estate, finance, and technology expertise, GreenGen drives value by engineering, implementing and investing in building energy efficiency solutions. As the foremost end-to-end energy solutions provider in the built environment, we lower operating costs, increase asset value, improve sustainability and enhance occupants’ well-being. From offices in Washington DC, London, Tokyo, and Shanghai, we operate five interrelated businesses: Solutions, Ventures, Analytics, Trading, and Property to help companies Operate in the Green.

About Senseware

Senseware is a Vienna, Virginia-based Smart Building Solutions company offering an affordable facility monitoring and controls platform for the commercial and industrial building market. What began as a way to simply stream real-time energy data has blossomed into a full blown universally connected IoT ecosystem capable of connecting any device, system, or piece of equipment. Our advanced wireless platform delivers building owners, operators, and facility managers a simple and affordable way to integrate, monitor, and control all of their systems. Our cloud-hosted platform's combination of integrated hardware and software enables a wide range of applications from energy management, asset digitization, HVAC control solutions, Indoor Air Quality (IAQ) monitoring, and more through our easy-to-use interface or the software of your choosing. For more information, please visit:  https://www.senseware.co/.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190612005112/en/

CONTACT: Jenny Wang

+1 814.506.4597

jenny.wang@kglobal.com

KEYWORD: UNITED STATES NORTH AMERICA MARYLAND

INDUSTRY KEYWORD: ENERGY OTHER ENERGY TECHNOLOGY HARDWARE SOFTWARE PROFESSIONAL SERVICES FINANCE CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY

SOURCE: GreenGen

Copyright Business Wire 2019.

PUB: 06/12/2019 08:01 AM/DISC: 06/12/2019 08:01 AM

http://www.businesswire.com/news/home/20190612005112/en