SensorFlow raises US$8.3m in Series A+ round led by Openspace, Gaw Capital Partners

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SINGAPORE-BASED SensorFlow, which helps hotels and commercial properties optimise energy and operational efficiency, has raised US$8.3 million in a Series A+ round led by Openspace Ventures and Gaw Capital Partners. Read more at The Business Times.

The company, which was founded in 2016, uses Internet of Things technology and artificial intelligence to generate 30 to 50 per cent of savings on hotel room HVAC costs, which can translate to up to 30 per cent in savings on total hotel energy bills.

To date, the startup has been signed on by about 10,000 hotel rooms across South-east Asia, and recorded a 1,000 per cent increase in hotel room installations since 2019.

 

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