Infogrid, a startup that uses AI to collect and analyze data on things like air quality, occupancy and energy consumption, today announced that it raised $90 million in a Series B round led by Northzone and AO Proptech. William Cowell de Gruchy, Infogrid’s CEO, says that the cash will be put toward product development, strategic hires and customer acquisition efforts.
“Now was the time to raise the capital and use it to drive our expansion,” De Gruchy said. “We are coming off of 5x growth last year and the market is strongly calling for our solutions … We opted for equity because alongside capital, we want strategic partners to help us scale to the next level and we have both VCs and clients and partners investing. This brings value far greater than even the cash.”
De Gruchy — who has a fascinating history, having studied cage fighting and served as an army officer before pivoting to a quieter, white-collar career in due dilige...
