Taronga Ventures portfolio company Switch Automation has recently closed a US$5m investment round led by institutional investors out of Asia
Switch Automation is a global real estate software company that helps property owners and facility managers reduce operating costs, improve energy efficiency and deliver exceptional occupant satisfaction. Their smart building platform integrates with traditional building systems as well as IoT technologies to analyse, automate and control assets in real-time.
The investment will be used to support continued expansion into Asia, following strong momentum in the US.
“Switch Automation continues its mission to improve the overall performance of real estate and infrastructure assets, delivering sustainable portfolios for our customers. At least 6% of worldwide carbon emissions can be eliminated through building performance optimisation with positive impacts on tenant comfort ” – Deb Noller, CEO Switch Automation.
Taronga Ventures, through its RealTech Ventures Fund, is actively investing into energy and sustainability focused technologies delivering real portfolio outcomes for real estate and infrastructure owners.