Aquicore raises $14 million for AI tools to optimize commercial building energy usage

Aquicore, an information tech startup offering cloud-based software for asset operations, today secured $14 million in financing. The company says it'll use the funding to advance its platform and expand into European markets. The buildings sector accounts for about 76% of electricity use and 40% of all U.S. primary energy usage and associated CO2 emissions, but the bulk of commercial real estate management teams monitor their energy and facilities with antiquated operations and maintenance routines, according to the U.S. Department of Energy. This makes it difficult to know how buildings are performing and where to invest resources, as well as how to coordinate project execution across portfolios. Aquicore claims to solve this with a combination of AI, machine learning, and rules-based automation.