Clockworks Analytics raised $8 million in December, its second round of funding in 12 years.Here's the pitch deck Clockworks used to land its funding during the pandemic. While the pandemic ushered in a year of uncertainty for many business owners, Nicholas Gayeski faced the opposite issue: An increased demand in his company's analytics platform, which tracks the operation of filters and ventilation, lead him to raise the startup's second round of funding in 12 years.
Clockworks' technology monitors the performance of building systems to track maintenance, energy usage, and overall health while simultaneously collecting data on those functions. Clockworks then uses that information to help customers determine the most pressing issues to fix and how to avoid equipment degradation.
Gayeski plans to use the $8 million to accelerate both the growth of Clockworks' product and its customer base, which spreads across 420 million square feet of space around the world, Gayeski said . He also used the announcement to change the company's name from KGS Buildings to Clockworks Analytics.