Building Robotics, developer of Comfy, files for first close after raising 93%

XDATA – September 25th 2014

building robotics Building Robotics‘ first close reached $6.71 million. The company’s $7.21 million non-brokered equity issue was 93% sold to thirteen investors. The first commitments were received almost two weeks ago. This is the first time Building Robotics is selling securities under a registration exemption.

Building Robotics develops and markets occupant-facing applications to harmonize energy use and comfort in commercial buildings. With its first product, Comfy, the company optimizes building controls through software and machine learning, the company develops intuitive occupant-facing controls that sit on top of existing HVAC and management systems in commercial buildings. The company is backed by Claremont Creek Ventures (CCV), Google Ventures, Formation 8, Navitas Capital, Red Swan Ventures.

Andrew Krioukov (CEO) leads the Oakland CA based company which was registered in 2012. Building Robotics elected to keep its revenues undisclosed.
The board of directors includes Gary Dillabough, Nat Goldhaber and Stephen Dawson-haggerty.

Offering recap
Status: First close
Company: Building Robotics
Industry: Other Technology
Amount offered: $7.21 million
Amount placed: $6.71 million
First sale: 09-12-2014
Data as of: 09-25-2014

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