# Clockworks Analytics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/clockworks-analytics

- Industry: Software
- Headquarters: Somerville, US
- Website: www.clockworksanalytics.com
- Total disclosed funding: $10M
- Latest round: Series D (Dec 9, 2020)
- Investors on record: 4

## About

Clockworks Analytics, based in the US, specializes in building analytics software that enhances facilities management through a condition-based maintenance approach, optimizing operational efficiency and energy management.Founded in 2008 in Somerville, US, Clockworks Analytics focuses on building analytics software. The company has undergone strategic pivots, notably enhancing its offerings to serve facilities management needs. The founders, Si Kleindienst and Stephen Samouhos, brought extensive experience to the company, advancing its mission to provide actionable insights for facility managers. The most recent funding round occurred on August 22, 2023, when the company raised USD 16.1 mn led by Carom Growth Partners, with participation from SE Ventures. This funding is part of a total amount raised of USD 16.1 mn across four deals.Clockworks Analytics specializes in building analytics software that utilizes a condition-based maintenance approach. The core offerings include a sophisticated data model that enables the collection and analysis of building performance data for improved facilities management. These products are designed to optimize operational efficiency, enhance energy management, and improve overall building performance across sectors such as higher education and service providers. The software caters to facility managers, building operators, and institutional stakeholders, offering insights to maintain facilities effectively. Clockworks Analytics serves clients throughout North America and Europe, providing solutions tailored to industry-specific challenges.Clockworks Analytics generates revenue through subscription-based models for its building analytics software, primarily targeting B2B clients in the facilities management sector. Revenue streams are structured around annual or multi-year subscription agreements granting clients access to the software platform, including ongoing support and updates. The flagship product, featuring advanced analytics capabilities, is central to the company’s value proposition, appealing to enterprises seeking to enhance their facilities management processes. Collaborations with higher education institutions and service providers further support their revenue base, fostering collaborative solutions that enhance operational performance.In August 2023, Clockworks Analytics raised USD 16.1 mn in venture funding, which will be utilized to expand its business reach and enhance its platform capabilities. The company plans to introduce new products in the near future and is targeting growth in specific markets across North America and Europe. This strategic funding will support the development and launch of these initiatives, facilitating the company's expansion into new geographic regions and sectors.

## Funding rounds

- Series D, Dec 9, 2020, $8M — Evanston Capital Management, Schneider Electric, Carom Growth Partners
- Series C, Apr 14, 2016, $2M — Aster Capital, Schneider Electric

## Investors

- Aster Capital (https://capitalatlas.ai/funds/aster-capital) — Series C
- Schneider Electric — Series C, Series D
- Evanston Capital Management (https://capitalatlas.ai/funds/evanston-capital-management) — Series D
- Carom Growth Partners (https://capitalatlas.ai/funds/carom-growth-partners) — Series D