What is Clockworks Analytics?
Clockworks Analytics emerged from MIT's Building Science Department with a mission to revolutionize building operations through advanced technology. The company provides intelligent software and analytics designed to shift the building industry from reactive maintenance to proactive and strategic facility management. By equipping clients with cutting-edge tools, Clockworks Analytics empowers them to significantly enhance operational efficiency and improve building performance, positioning itself as a leader in the next generation of smart facilities management.
How much funding has Clockworks Analytics raised?
Clockworks Analytics has raised a total of $28.4M across 4 funding rounds:
Series C
$4M
Debt
$350K
Private Equity
$8M
Other Financing Round
$16.1M
Series C (2016): $4M with participation from Schneider Electric and Aster Capital
Debt (2020): $350K led by PPP
Private Equity (2020): $8M supported by Evans Capital Management Inc
Other Financing Round (2023): $16.1M featuring Carom Growth Partners and SE Ventures
Key Investors in Clockworks Analytics
Carom Growth Partners
Carom Growth Partners is a Boston-based growth equity firm specializing in providing equity capital for minority investments and control buyouts of product-focused technology businesses. They target high-growth software and technology companies, seeking to partner with entrepreneurs looking for capital to support their expansion.
SE Ventures
SE Ventures is an investment entity that participates in funding rounds for technology companies, likely focusing on strategic growth and innovation within their portfolio.
Schneider Electric
Schneider Electric, a global specialist in energy management and automation, has previously invested in Clockworks Analytics, indicating a strategic interest in building performance and operational efficiency technologies.
What's next for Clockworks Analytics?
The substantial enterprise-level funding, particularly the recent strategic investment, positions Clockworks Analytics for accelerated growth and market expansion. This capital infusion is likely to fuel further development of its intelligent analytics platform, enhance its sales and marketing efforts, and potentially explore new strategic partnerships. The company's focus on proactive building performance management aligns with increasing industry demand for sustainability and operational efficiency, suggesting a strong future outlook as it continues to innovate in the smart facilities sector.
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