Skip to main content

1776 company that makes ‘Fitbit for buildings’ raises $5 million

Aquicore, a D.C. energy software startup incubated by 1776, just closed a $5 million round of Series A funding.

The round was led by Falls Church-based private-equity firm Kiddar Capital and Silicon Valley venture firm Navitas Capital. The funding will help expand the reach of Aquicore’s cloud-based technology that enables operators of commercial buildings to analyze and curb electricity, water and gas usage in real time.

The technology is essentially a “Fitbit for buildings,” said Cheryl Foil, principal of technology and venture investments at Kiddar, founded by construction and real estate veteran Todd Hitt. The firm, which was part of a funding round for 1776 led by Steve Case in March, focuses on the intersection of smart technology and real estate, and invests about $20 million annually, she said.

Aquicore’s technology is easy to install and building managers can quickly track the impact of energy-saving efforts rather than waiting to see the bill at the end of the month, she added.

“When…

Report: Patients ‘at risk’ at DC VA medical center

WASHINGTON — An investigation into the D.C. Veterans Affairs Medical Center uncovered serious issues regarding the handling of medical equipment, including persistent shortages and supposedly sterile supplies being stored in dirty and cluttered conditions. The lapses "placed patients at unnecessary risk," VA Inspector General Michael Missal wrote in the April 12 interim report.
Read Next Story