Bisly, a Tallin, Estonia-based provider of smart building automation solutions, raised €6.2M in Series A funding.
Backers included Foxway founders Urvo Männama and Paul Padrik, who joined Aconterra, SmartCap Green Fund, Pinorena Capital and angel investors.
The company intends to use the funds to launch its scalable smart system throughout Europe, especially Germany and the United Kingdom, where they have already opened offices and started courting high-profile partnerships.
Led by newly appointed CEO Ants Vill, Bisly provides smart construction solutions and manufactures custom hardware components to complement their offerings. They integrate these components into a future-proof, open software platform, setting a new industry standard.
Thanks to its hardware and software, Bisly addresses the scalability, cost, and integration issues related to smart buildings. On the software side, Bisly combines its Single Cloud Platform that integrates different stages of the customer experience with its patented digital twins system. Created using the specific building’s floor plans and specifications, the digital twin system accelerates setup and continually tracks consumption data, optimising areas where efficiency measures are lagging and improving energy conservation and financial savings over time. Bisly’s hardware products integrate with different brands to avoid developers suffer from vendor lock-in.
FinSMEs
19/06/2024