Suez Ventures, innovation investment fund under French utility giant Suez Environnement, will be supporting Intent Technologies for further development of its software IntentPlatform, which is used by real estate professionals to manage performance of buildings.
The software application integrates all the professionals and residents, services and equipment of a building under a single platform, which helps in the use and sharing of data and for delivering personalised services.
Besides the €3m funding from Suez Ventures, Intent Technologies is being supported by Nord Capital Partenaires, Bouygues Construction and Bouygues Immobilier.
Buildings and structures across the world consume around 40% of global energy and are responsible for about 25% of global CO2 emissions.
Use of IntentPlatform can help housing managers, service providers, equipment manufacturers and other real estate professionals to develop smart buildings or increase energy-efficiency of the existing developments.
It can facilitate real-time data access for real estate sector players related to operation of multiple equipment. In case of abnormal consumption, or breakdown, it can thus ensure that prompt actions can be taken.
IntentPlatform ensures close monitoring of water, energy and heat consumption for a building on a daily basis, thereby helping to control those in order to achieve energy and environmental targets.
Intent Technologies managing director Benjamin Ulrich said: "The building and housing industry needs support in the digital transition more than ever before.
"With the arrival of Habitat 4.0, the potential is enormous. This recapitalisation will enable us to build a European champion in the management of building data that is one step ahead of the giants in the digital sector."
Suez managing director Eric Landais said: "Controlling the consumption of buildings is a key factor in the design of sustainable cities.
"The goal of this investment in Intent Technologies is to support the deployment of IntentPlatform in the building market and to deliver new high added-value services to all the professionals in the real estate business and to residents.
"The high potential of this solution on other markets, such as the management of the performance of industrial sites, will enable us to offer an extended range of resource management services to our customers."