Startup Beat

The global building management market, projected to reach $176.9 billion by 2030, is witnessing a surge in demand for innovative solutions, and MODE Inc. is at the forefront of this transformation. Specializing in AI-driven data management for building management, factories, and construction sites, MODE Inc. has announced a $5.3 million funding round. This investment comes from prominent backers, including KDDI Open Innovation Fund III L.P., Canon Marketing Japan Inc., KIRIN-GB Fund I L.P., and Safie Ventures Inc. 

Latest funding follows MODE Inc.’s Series B round eight months ago, bringing the company’s total funding to $14 million. The funds will be used to enhance the capabilities of its AI Energy Assistant, a tool designed to streamline building operations and reduce energy costs.

The building management industry is at a critical juncture, with the global market expected to grow to $176.9 billion by 2030, driven by a CAGR of 11.6%. This growth

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