Datakwip secures equity investment from GreenGen Ventures

Daily Record Staff//April 28, 2020

Datakwip secures equity investment from GreenGen Ventures

By Daily Record Staff

//April 28, 2020

Datakwip, a cloud-based energy analytics platform for smart buildings in Frederick, received a new round of funding from GreenGen Ventures, the corporate venture arm of Green Generation, the company announced Tuesday.

datakwipTerms of the financing were not disclosed. Green Generation had been a client of Datakwip for more than a year.

GreenGen will work with Datakwip as a preferred supplier and will assist Datakwip in achieving the next level of growth and expansion and will be taking an advisory board position with Datakwip. Other investors include TEDCO, the University of Maryland’s Momentum Fund, and the Chesapeake Bay Seed Fund.

Founded in 2016 by CEO Cory Perdue, Datakwip’s software platform automatically detects opportunities to save energy in buildings. Its proprietary software and intellectual property allows buildings and other physical assets to connect to existing infrastructure without any new costly hardware installations or upgrades in order to enable real-time communication and optimize facility management.

Datakwip is currently already installed in more than 30 properties and has an innovative portfolio of products with five pending patent applications for novel innovations within the built environment.

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