Smart buildings solution provider nhance.ai raises $1.5 million in a seed funding

nhance.ai, a provider of Smart Buildings solutions, has raised $1.5 million in a seed funding round from high-net-worth individuals (HNIs).

The funding is set to accelerate the startup's growth and further develop its innovative platform for an expanding customer base.

"We are thrilled to have the support of our esteemed investors who share our vision for transforming the smart building landscape. This funding will allow us to scale our operations, enhance our product offerings, and continue to deliver exceptional value to our customers," said Nagraj, Founder and CEO of nhance.ai.

Purpose of funding

The startup will use the raised capital to accelerate product development, hire top talent, and explore strategic partnerships.

Specifically, nhance.ai plans to expand its team by recruiting top talent in software development and analytics, accelerate product development to introduce new features and integrations, increase marketing efforts to raise brand awareness and attract new customers, and explore strategic partnerships to expand its ecosystem and provide additional value to customers.

What does nhance.ai do?

nhance.ai aims to shape the future of the built environment. The startup's nhanceTwin platform offers businesses comprehensive visibility on building performance and actionable insights through machine learning and artificial intelligence.

This approach aims to empower businesses with the tools needed to succeed in today's fast-paced digital environment.

"Our goal is to empower businesses with the tools they need to succeed in today’s fast-paced digital environment. We are committed to delivering a platform that not only meets but exceeds the expectations of our customers," said Krishna Prasad, Co-Founder and Chief Product Officer.

Ketan Dalal, Managing Partner at Katalyst Advisors, said, "We are excited to associate with nhance as they continue to innovate and enable the smart building space. Their unique approach and dedicated team position them for significant growth and success."