PARIS (Reuters) -French private equity firm Eurazeo has led a 17-million-euro ($20 million) fund-raising round for German property-focused AI tech company aedifion, said the companies on Monday.
The investment highlights how AI is being used in an increasingly broader range of corporate sectors.
Aedifion has an AI-powered cloud platform that enables property firms to cut energy costs and CO2 emissions by monitoring and managing heating, ventilation and air conditioning systems.
Other companies that participated in aedifion’s fund-raising included World Fund, Drees & Sommer and BitStone Capital.
“With Eurazeo, we have gained an experienced growth investor that shares our vision of sustainable, data-driven real estate. Smart buildings and artificial intelligence will play a crucial role in the energy transition,” said aedifion CEO Johannes Futterer.
($1 = 0.8684 euros)
(Reporting by Sudip Kar-Gupta; editing by Foo Yun Chee)
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