June 13, 2023
Helixintel Secures $11 Million in Series A Funding for Building Management Software
Illustration: Annelise Capossela/Axios
Helixintel, a building-management software company, has successfully raised $11 million in a Series A funding round. The round was led by National Grid Partners, the venture arm of utility company National Grid. Other participants in the round included Munich Re Ventures, Stellifi, and Motivate Ventures. National Grid Partners will also be joining Helixintel’s board.
Helixintel’s software allows building owners and insurers to monitor various systems and equipment, such as HVAC systems and Zambonis, in order to reduce energy consumption and prevent disruptions. The software was specifically developed for the insurance industry, with insurance companies offering it to building owners to monitor machines like fridges, boilers, and sump pumps. The real-time capabilities of the software also enable electric utilities to implement demand-response programs, encouraging buildings to temporarily reduce electricity usage during peak periods. Additionally, the software can provide users with insights to upgrade to more efficient equipment.
Helixintel is experiencing rapid growth in commercial real estate, the public sector, and small-scale industrial applications. With the latest funding, the company aims to further expand its presence in these sectors and continue enhancing its building-management software solution.
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