Lucid, a cloud software development company, has announced an $8 million venture into the establishment of a program that can be used by businesses to analyze energy usage. The new app examines energy, water, and gas used by buildings operated by the company, providing analytics for multiple facilities in one place. Lucid reports its customers to include Disney, Google, Sony Pictures, and other big names.
The company has observed “a steady move away from high-cost, proprietary, slow methods of connecting building systems and devices and accessing their data, and a turn toward the software-as-a-service (SaaS) model that innovative companies use to deliver revolutionary products today,” Lucid’s chief creative officer, Gavin Platt, wrote in an email to VentureBeat.
This announcement comes at a time of upward growth for energy-efficient software systems, suggesting companies find increasing value in technology developments with the ability to reduce the costs of necessary resources.
Read more here- “Companies and Cities Sign on to Lucid’s Energy-Tracking Apps as the Startup Adds $8M,” (Jordan Novet, Venture Beat News)