Madison-based 4490 Ventures announced the close of $6 million in Series A funding for Washington D.C.-headquartered Cortex to expand its service for sustainable commercial real estate. Cortex’s software-only real estate decarbonization technology is used in commercial office space and applies analytics to existing data related to equipment operations, space temperatures, meter readings, occupancy levels, and weather forecasts to improve the sustainability of building operations while reducing carbon emissions. The funding from 4490 Ventures brings the total raised for Cortex to $11 million.
Madison venture firm closes on $6 million in Series A funding
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