The DC-based Aquicore's 60 employees will join the Infogrid team, with founder Logan Soya taking on a senior leadership role at the British SaaS company.
The pair announced Wednesday that Infogrid, which is HQed in London, had formally acquired DC-based Aquicore. The 60-person team at Aquicore, which hosts an all-in-one platform for buildings to monitor their utility use, will officially join Infogrid. That includes Aquicore founder Logan Soya, who will become part of Infogrid’s senior leadership team. Financial terms for the deal were not revealed.
Aquicore was founded in 2012, and its AI solutions are currently used in over 1,000 buildings nationwide. The company was on a growth streak before the pandemic, raising $14 million in 2020 after moving to a new office space in Penn Quarter in late 2019 that was triple the previous one’s size. In total, the company has raised $33 million in venture capital.
“I started Aquicore 10 years ago with the mission to connect people to buildings,” Soya told Technical.ly. “We had humble beginnings as an energy management and metering platform. When we realized we could apply our data and insights to the global climate challenge, our vision expanded.”