The startup offers a cloud-based energy analytics platform that enables commercial property owners to monitor and analyze their buildings' energy performance through a turnkey lighting system. This technology automates environmental reporting and integrates with building components, enhancing operational efficiency and occupant engagement.
Funding
$2.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Commercial property owners face increasing pressure to reduce energy consumption and comply with evolving environmental regulations, yet often lack the real-time data and automated control systems needed to optimize building performance effectively. Existing building management systems (BMS) can be costly to install and maintain, creating a barrier to entry for many property owners. This makes it difficult to obtain certifications and demonstrate ESG commitments.
Solution
iQspot offers a cloud-based energy analytics platform that enables commercial property owners to monitor, analyze, and optimize their buildings' energy performance through real-time data collection and automated control. The platform uses IoT sensors to gather data on energy, water, and comfort metrics, providing a comprehensive view of building operations. iQspot's energy managers work with property and facility managers to identify and implement corrective actions, optimizing equipment settings and maximizing energy and water efficiency. The platform also facilitates compliance with regulations such as the Tertiary Sector Decree and BACS decree, while supporting efforts to obtain certifications like ISR, GRESB, and BREEAM In-Use.
Target Audience
The primary target audience includes asset managers, listed real estate companies, and institutional investors seeking to decarbonize their real estate assets and improve ESG performance.
Features
- Real-time data collection of energy, water, and comfort metrics using IoT sensors
- Integration with existing Building Management Systems (BMS) and other ESG platforms via API
- SaaS platform for visualizing and analyzing building performance data
- Automatic report generation for environmental reporting
- Remote control of HVAC equipment for automated adjustments
- Energy management expertise to identify and implement energy-saving measures
- Support for compliance with regulations such as the Tertiary Sector Decree and BACS decree
- Facilitation of certifications such as ISR, GRESB, and BREEAM In-Use