Enertiv, Inc., which uses data and analytics to enhance building operations in commercial real estate portfolios, has closed a new round of $4.3 million.
Enertiv deploys IoT devices to provide ongoing tracking of every critical piece of equipment and tenant space in a building. The data feeds into the company’s “operations performance system,” a comprehensive platform for reducing operating costs and maximizing tenant comfort across real estate portfolios.
According to Enertiv, its technology has been implemented by some of the largest real estate portfolios in the country, including Related Companies and Colliers International, facilitating an average 10 to 15% decrease in energy- and maintenance-related operating expenses.