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Ampotech Co-Founders William Temple (L) and Zhou Ziling
(This text was first printed on February 27, 2023)
William Temple and Zhou Ziling researched wi-fi sensor networks, vitality administration, and industrial cybersecurity at Singapore’s Superior Digital Sciences Heart from 2012 to 2013.
They each had a industrial mindset and noticed a chance to leverage their expertise with rising digital applied sciences to be an early mover in Asia’s good constructing market, valued at US$20 billion in 2021 and projected to achieve US$91 billion by 2031.
That was the start of Ampotech in 2014.
The corporate was began by Temple (CEO) and Ziling (CTO) as a spin-off of A*STAR and the College of Illinois analysis institute.
Temple has a Bachelor’s diploma in Mechanical Engineering from Tufts College and a Grasp’s diploma in Mechanical Engineering from Cornell College. His enterprise associate Ziling has a Grasp’s in Electrical Engineering from the Nationwide College of Singapore (NUS) and a Bachelor’s diploma from Shanghai Jiao Tong College (SJTU). He was pursuing a PhD in Laptop Science at NUS earlier than becoming a member of Ampotech.
Based mostly in Singapore, Ampotech makes use of the Web of Issues (IoT) and edge computing expertise to assist vitality, operations, and amenities managers enhance the efficiency of their buildings.
Additionally Learn: Constructing vitality administration startup Ampotech raises US$1.3M led by Earth VC
Its proprietary machine AmpoHub turns into the mind of {an electrical} panel, logging utilization knowledge and detecting anomalies for particular gear like air conditioners and motors. The information are transmitted securely to AmpoCloud over a WiFi community, the place they are often analysed, downloaded, or shared through API.
From photo voltaic inverters to HVAC, refrigeration and lighting methods, the AmpoHub and AmpoCloud can ship real-time perception that’s straightforward to combine with third-party software program like enterprise IoT knowledge platforms or cloud-based constructing administration methods.
“We assist companies accumulate, analyse, and combine constructing and machine electrical energy utilization knowledge for sustainability reporting, benchmarking automation, and amenities administration,” Temple defined.
From a buyer perspective, the startup helps good constructing answer distributors cut back venture supply time and value with its wi-fi units and edge computing.
For constructing house owners, Ampotech breaks down knowledge siloes to combine their constructing or course of vitality consumption with carbon accounting software program, facility administration software program, or different software program instruments and platforms they might be utilizing.
“We now have a full expertise stack strategy — from electronics design and firmware improvement to the cloud platform and AI functions for gear identification and state detection. This helps us ship higher knowledge high quality and safety than off-the-shelf methods whereas offering a single level of contact for help,” Temple claims.
Ampotech follows a B2B mannequin, sometimes promoting to vitality companies or vitality answer firms, equivalent to photo voltaic builders, utility firms, or system integrators that implement constructing administration methods or industrial IoT tasks.
It additionally sells to industrial firms which are house owners/operators. “Our merchandise may be utilized in any constructing, so we now have labored with workplace buildings, procuring malls, factories, and residential developments.”
AmpoCloud
The agency has three income streams: promoting linked units, SaaS, and engineering companies associated to answer supply.
“Globally, the constructed atmosphere is chargeable for round 37 per cent of carbon emissions. When you look solely on the operation of buildings for issues like air-con, lighting and plug hundreds, the determine is round 27 per cent. So this can be a sizeable world drawback, and our merchandise may be utilized worldwide,” Temple says.
The startup focuses on Southeast Asia, an underserved market with excessive development potential.
Excluding the purchasers of its distributors and resellers, Ampotech works with over 60 organisations, together with MNCs — all in Asia.
The startup plans to open an workplace in Vietnam, its first location outdoors its Singapore headquarters. It’ll additionally look to develop into Indonesia, the place its present investor Prasetia Dwidharma is predicated.
“Now that we now have established ourselves in Singapore, our problem is worldwide development. We’ll faucet into the community of shoppers and companions we now have established in Singapore and market our enterprise extra actively overseas,” Temple shares.
Early this month, the vitality administration firm secured S$1.78 (US$1.3) million in pre-Collection A funding led by Earth VC, with participation from KSL Maritime Ventures, the VC arm of The Kuok Maritime Group, and Silicon Resolution Ventures and SEEDS Capital.
Ampotech plans to boost a bigger Collection A spherical in H2 this 12 months. “We’re searching for traders that may deliver us into new markets or, within the case of a company VC, deliver an present buyer base or complementary answer capabilities,” Temple says.
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The submit Ampotech goals to revolutionise good buildings with IoT and edge computing appeared first on e27.
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