Autodesk joins Lucid Series B funding round to accelerate development of BuildingOS platform
Our experience with this powerful hub for system and device connectivity and building management has led to a strategic investment in Lucid that we hope will accelerate development and adoption of the [BuildingOS] platform.
— Amar Hanspal, SVP of Information Modeling and Platform Products at Autodesk
Lucid announced today that Autodesk, Inc., a global leader in 3D design, engineering and entertainment software, has made a strategic investment in Lucid as part of its recently announced $8.2 million Series B funding round. Lucid’s BuildingOS enables the coming wave of connected devices in commercial buildings by providing universal connectivity, analytics, and building management tools to make better decisions and improve building performance.
“The increasing adoption of building information modeling (BIM) by the global architecture, engineering, and construction industry combined with the arrival of low-cost sensors and controls offers tremendous opportunity to optimize the design, construction, retrofit, and operations of buildings,” said Amar Hanspal, SVP of Information Modeling and Platform Products at Autodesk.
“Autodesk has been piloting Lucid’s BuildingOS platform in several facilities. Our experience with this powerful hub for system and device connectivity and building management has led to a strategic investment in Lucid that we hope will accelerate development and adoption of the platform,” said Hanspal.
Building owners and operators are recognizing the workflow and cost savings advantages of unifying building design, engineering, and post-construction operations. Autodesk, who creates software focused on better building design, and Lucid, whose software enables better building operations, see opportunity in making it easier to share building data between the design, construction, and operation phases.
“As a global leader in software for building design and construction, and one of the most innovative companies in the architecture, engineering, and construction (AEC) industry, Autodesk will add valuable expertise and experience to the Lucid team,” said Vladi Shunturov, Lucid CEO.
“Building automation is already a $35 billion global business growing at 55% annually, and yet 94% of commercial buildings don’t have advanced building systems. Our collaboration with Autodesk has the potential to substantially optimize how we design, build, and retrofit our buildings,” said Shunturov.