What is Control Technologies?
Control Technologies of Maryland, established in 2006, is a specialist in Building Automation Systems (BAS). The company focuses on delivering cost-effective HVAC management solutions tailored for commercial building owners. Their core mission involves enhancing building performance and implementing energy efficiency measures to significantly reduce operating costs for their clientele. Services offered include the integration of security systems, advanced energy efficiency solutions, and the installation of Variable Refrigerant Flow (VRF) systems, leveraging products from industry leaders like Honeywell and Johnson Controls. Notable projects include work for the Wicomico County Detention Center and Salisbury Ocean City Airport, demonstrating their capability in managing complex commercial facilities.
How much funding has Control Technologies raised?
Control Technologies has raised a total of $31K across 1 funding round:
Debt
$31K
Debt (2021): $31K with participation from PPP
What's next for Control Technologies?
With the recent influx of substantial expansion capital, Control Technologies is poised for significant growth. The company's focus on energy efficiency and cost reduction in commercial buildings aligns with current market demands for sustainable and economically viable building management. This funding is expected to fuel further development of their BAS offerings, potentially expanding their service reach and technological capabilities. The company's trajectory, supported by this significant Series B/C stage investment, indicates a strategic push to solidify its market leadership and capitalize on opportunities within the commercial real estate technology landscape.
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