GreenGen Ventures Announces Equity Investment in Senseware

BETHESDA, Md.–(BUSINESS WIRE)–#cleantech–GreenGen Ventures, the corporate venture arm of Green Generation (GreenGen),
today announced it has structured and invested in a new round of
financing for Senseware, a full-stack IoT solution provider for smart
buildings. The investment was made by a fund under its management.

Founded in 2013 by Serene Almomen and Julien Stamatakis, Senseware
provides a cost-effective wireless solution that collects critical
mechanical, electrical, plumbing, and environmental data from users’
facilities to give actionable insights. Senseware optimizes facility
management with real-time, remote controls of critical systems,
increasing operational efficiency by addressing the inevitable
technological or functional obsolescence in users’ buildings.

“We have been working with Senseware since 2017 and could not be more
pleased to invest in the Senseware team,” said Brad Dockser, chief
executive officer of GreenGen. “We have seen firsthand how Senseware
significantly improves building operations costs and system processes,
and we look forward to helping them achieve their growth goals.”

Senseware maintains a robust portfolio of 26 IoT-related patents, and
its systems are currently deployed in over 750 buildings in the US, as
well as in three other countries. Senseware counts numerous real estate
giants as clients, including Cushman & Wakefield, EastBanc, Boston
Properties, and B.F. Saul Company.

“I am proud to partner with GreenGen to help take our company to the
next level,” said Serene Almomen, chief executive officer of Senseware.
“Our mission is to use technology to provide a fast path to real energy
savings. We will benefit greatly from GreenGen’s expertise and hands-on
approach and expertise.”

Having been a long-term strategic partner, GreenGen will continue to
support Senseware’s expansion of its business in the real estate
investment industry.

About GreenGen LLC

Integrating energy, real estate, finance, and technology expertise,
GreenGen drives value by engineering, implementing and investing in
building energy efficiency solutions. As the foremost end-to-end energy
solutions provider in the built environment, we lower operating costs,
increase asset value, improve sustainability and enhance occupants’
well-being. From offices in Washington DC, London, Tokyo, and Shanghai,
we operate five interrelated businesses: Solutions, Ventures, Analytics,
Trading, and Property to help companies Operate in the Green.

About Senseware

Senseware is a Vienna, Virginia-based Smart Building Solutions company
offering an affordable facility monitoring and controls platform for the
commercial and industrial building market. What began as a way to simply
stream real-time energy data has blossomed into a full blown universally
connected IoT ecosystem capable of connecting any device, system, or
piece of equipment. Our advanced wireless platform delivers building
owners, operators, and facility managers a simple and affordable way to
integrate, monitor, and control all of their systems. Our cloud-hosted
platform’s combination of integrated hardware and software enables a
wide range of applications from energy management, asset digitization,
HVAC control solutions, Indoor Air Quality (IAQ) monitoring, and more
through our easy-to-use interface or the software of your choosing. For
more information, please visit: https://www.senseware.co/.

Contacts

Jenny Wang
+1 814.506.4597
[email protected]

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