HELIXintel, a Buffalo, NY-based innovative platform providing building management, predictive analytics, and equipment management solutions, has completed Series A funding.
The round was led by National Grid Partners, the corporate venture and innovation arm of National Grid. Earlier investors, including Munich Re Ventures, Stellifi, Motivate Ventures, and others, all participated in the round.
This funding round strategically positioned the company for significant growth and expansion. HELIXintel plans to use the funds to expand its product offerings and reach.
The company offers a comprehensive platform that sources and organizes property and asset data on a significant scale.
"This new capital and National Grid's network help us expand our product offerings and reach," said Jon DeWald, CEO of HELIXintel. "We recognize that every stakeholder benefits when equipment breakdown is accurately predicted and prevented. We are poised to empower proactive maintenance and equipment upgrades that enhance efficiency, minimize downtime, and bring cost savings to both our valued customers and insurance companies."
The new investment round signifies a milestone in HELIXintel's mission to empower businesses by leveraging their platform as a predictive and preventive engine.
Company: HELIXintel, Inc.
Raised: Undisclosed
Round: Series A
Funding Month: June 2023
Lead Investors: National Grid Partners
Additional Investors: Munich Re Ventures, Stellifi, and Motivate Ventures
Company Website: https://helixintel.com/
Software Category: Building Management
About the Company: HELIXintel is a SaaS platform that offers solutions such as inventory and equipment maintenance management for sectors including construction and automotive. HELIXintel provides tools for insurers to better manage risk, property managers to manage their portfolio, energy companies to deliver incentives that improve energy and resource efficiency, and vendors to deliver better quality. Its platform allows businesses of any size or industry to organize, track, and maintain their equipment, parts, supplies, and tasks in one central location. HELIXintel's headquarters is located in Buffalo, New York.
Source: https://www.prnewswire.com/news-releases/helixintel-secures-series-a-funding-round-to-fuel-expansion-in-building-management-industry-301847514.html