AI startup 75F raises $45 million in a Series B funding round

Minnesota-based tech startup 75F has secured $45 million in a Series B funding round led by Accurant International’s Net Zero Alliance, with participation from Carrier Global Corporation, Climate Investment, Breakthrough Energy Ventures, Next47 and WIND Ventures.

The new investment is one of the largest in Minnesota’s history and highlights a growing interest in making commercial buildings more energy-efficient. 

The startup plans to use the fresh capital to expand operations and improve its AI platform, Saffron AI, which launched in 2023.

Focus on AI and energy efficiency

75F uses Internet of Things devices, cloud computing and machine learning to make heating, ventilation and air conditioning (HVAC) systems smarter.

The startup claims to have more than 1,800 installations in nine countries, including offices, retail stores, schools, government buildings, warehouses and factories. Its easy-to-deploy hardware and software work together to help businesses of all sizes reduce energy use and improve indoor comfort.

Deepinder Singh, founder and CEO of 75F, said the company’s mission is to make smart buildings simple and affordable. He said the new round of funding supports that vision by helping 75F bring its technology to more customers, whether they own a single building or a large network of properties.

According to Singh, the firm's approach aims to show that advanced energy management can be both powerful and user-friendly.

Partner support and future plans

Accurant International’s founder, Bahman Hoveida, said 75F’s technology fills a gap in the market by offering building automation for properties of all sizes. 

"75F's technology addresses a critical gap in the market,” said Bahman Hoveida, founder of Accurant International. “By making building automation accessible to properties of all sizes, we're accelerating the path to grid-connected buildings and bringing widespread energy efficiency in the commercial sector."

"Our partnership with 75F reflects our belief in their innovation and expertise,” said Mead Rusert, Vice President, Carrier Building Technologies. “Their work in next-generation technologies, including AI, align with our strategic vision. Together, we aim to enhance building automation, benefiting our customers and reinforcing our industry leadership."

With the new funding, 75F hopes to continue growing in India and other regions by offering solutions that are often seen only in premium office spaces, making energy savings and comfort improvements available to a wider range of customers.