News Summary

MODE Inc., an AI-driven data management solutions company based in San Mateo, California, has secured $5.3 million in new funding. This funding round saw participation from investors including KDDI Open Innovation Fund III L.P., Canon Marketing Japan Inc., KIRIN-GB Fund I L.P., and Safie Ventures Inc. The funds will be used to accelerate the development of MODE’s AI Energy Assistant, which empowers building managers to access critical data, reducing energy consumption by up to 20%. The global market for smart building management is projected to grow significantly, reaching $176.9 billion by 2030. MODE Inc.’s solutions aim to unify diverse data sources for smarter decision-making, thus enhancing operational efficiency and sustainability in building management.