About 7AC
7AC is a company based in Beverly (United States) founded in 2009 was acquired by Emerson in November 2020.. 7AC has raised $26.76 million across 8 funding rounds from investors including 3M, Emerson and Clean Energy Venture Group. The company has 15 employees as of December 31, 2022. 7AC offers products and services including Precision Cooling and Climate Control Technology. 7AC operates in a competitive market with competitors including Particle, Signify, Landis+Gyr, Span.IO and PowerSecure, among others.
- Headquarter Beverly, United States
- Employees 15 as on 31 Dec, 2022
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Sectors
Business ServicesEnergy & Utilities
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Phone
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Website
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Social
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- Legal Name 7Ac Technologies, Inc.
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Products & Services of 7AC
7AC offers a comprehensive portfolio of products and services, including Precision Cooling and Climate Control Technology. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Delivers exact air conditions to reduce energy waste and enhance comfort.
Improves efficiency by controlling humidity and temperature independently.
Funding Insights of 7AC
7AC has successfully raised a total of $26.76M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $8 million completed in October 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series C — $8.0M
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First Round
First Round
(08 Dec 2011)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2018 | Amount | Series C - 7AC | Valuation |
investors |
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| Jul, 2016 | Amount | Series C - 7AC | Valuation |
investors |
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| Jun, 2015 | Amount | Series C - 7AC | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 7AC
7AC has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include 3M, Emerson and Clean Energy Venture Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage climate tech startups are supported with seed capital.
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3M is recognized as a global leader in industrial innovation.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by 7AC
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - 7AC
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
7Ac Comparisons
Competitors of 7AC
7AC operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Particle, Signify, Landis+Gyr, Span.IO and PowerSecure, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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IoT connectivity platform from prototype to production is developed.
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Signify is recognized as a global leader in lighting solutions.
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End-to-end energy management solutions are provided for utilities worldwide.
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Smart panels for home energy management are provided by Span.IO.
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Energy efficiency and smart grid management solutions
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Automotive lighting equipment is manufactured by Osram in Germany.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about 7AC
When was 7AC founded?
7AC was founded in 2009 and raised its 1st funding round 2 years after it was founded.
Where is 7AC located?
7AC is headquartered in Beverly, United States. It is registered at Beverly, Massachusetts, United States.
Is 7AC a funded company?
7AC is a funded company, having raised a total of $26.76M across 8 funding rounds to date. The company's 1st funding round was a Series C of $4.93M, raised on Dec 08, 2011.
How many employees does 7AC have?
As of Dec 31, 2022, the latest employee count at 7AC is 15.
What does 7AC do?
The company was founded in 2009 and is based in Beverly, United States. Operations focus on the HVAC sector, where evaporative technology is utilized to deliver cooling solutions for industrial use. A membrane-isolated plastic plate system is offered to support liquid desiccant-based systems. Humidity control and energy cost reduction are facilitated through these applications.
Who are the top competitors of 7AC?
7AC's top competitors include Particle, Landis+Gyr and Signify.
What products or services does 7AC offer?
7AC offers Precision Cooling and Climate Control Technology.
Who are 7AC's investors?
7AC has 4 investors. Key investors include 3M, Emerson, Clean Energy Venture Group, and 1&12 Ventures.
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