Cohesion, a Chicago, Illinois-based leader in smart building and digital twin SaaS technology, raised $15 million in its Series A financing round co-led by Morgan Stanley Next Level Fund and Hyde Park Angels (HPA).
Other backers include Citadel founder Ken Griffin, GCM Grosvenor CEO Michael Sacks, and Environmental Systems Design chairman Raj Gupta, with new investors, Three Bridges Private Capital, and Wintrust Ventures.
The company will use the funds for product and market expansion including its digital twin technology for optimizing building environment and health.
Company: CohesionIB, Inc
Raised: $15.0M
Round: Series A
Funding Month: November 2021
Lead Investors: Morgan Stanley Next Level Fund and Hyde Park Angels (HPA)
Additional Investors: Ken Griffin, Michael Sacks, Raj Gupta, Three Bridges Private Capital, and Wintrust Ventures
Company Website: https://www.cohesionib.com/
Software Category: Smart building SaaS platform
About the Company: Founded in 2018 and currently 100 employees worldwide, Cohesion helps commercial buildings better integrate disparate systems into a smart building SaaS platform. It empowers real estate owners to maximize asset and portfolio value with all building systems, workflows, and people seamlessly connected in one solution. The vertically integrated platform improves health and wellness, experience, efficiency, and sustainability. Cohesion provides the industry’s most comprehensive data, enabling operators to enhance tenant experience, save money and increase operational transparency. Cohesion is a spin-off venture of ESD, a leading Chicago-based global engineering design firm at the forefront of next-generation building design.
Source: https://www.businesswire.com/news/home/20211117005377/en/Cohesion-Announces-15-Million-Series-A-Financing-to-Advance-the-Commercial-Real-Estate-Transformation-to-Data-Driven-Smart-Buildings-Amid-a-New-Era-of-Hybrid-Work