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As a facilities optimisation platform, Chennai based Facilio uses IoT and AI to drive sustainable operational efficiency across commercial real estate portfolios.
The founding team of Facilio comprising Ramachandran, Rajavel Subramanian and Yogendra Babu worked together at Zoho Corporation for almost 17 years, where they created, built, and scaled up cloud and IoT applications.
“At Facilio, our strategic objective is to use IoT as an enabler technology to solve the challenges faced by today’s facility management teams,” said Ramachandran. The start-up has partnered with Accel since its inception in April 2017.“We are expanding into the Middle East and the US markets as we see a lot of untapped potential for the efficiencies we can bring to the built environment. In line with this, we are in the process of building a strong partnership network in these regions to expand our reach,” said Ramachandran.
Commercial real estate professionals use Facilio to achieve superior building performance by unifying their workforce, assets, and energy efficiency in real-time.“We’ve built Facilio as a unified suite of applications that harnesses IoT and AI to deliver centralised asset and energy performance, and mobile maintenance to facilities. That’s the market opportunity we are going after. The facilities management spend is currently tagged at $ 1.3 trillion globally. If you look at energy spend by buildings, it is $ 400 billion today. Any added value or any increase in efficiency we can bring here will be enormous” he said.
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