CIM, the Irish-led creator of property operations software solution, has closed a €6.7m (AU$10m) Series A funding round.

CIM, with locations in Horgan’s Quay Cork, London and Sydney, is the brainchild of Irish software engineer David Walsh.

He emigrated to Australia in 2009, founded CIM and built the property operations platform after he identified that building owners were data-rich but information poor, and there was no focus on finding or fixing the root cause of wastage.

According to CIM, its Peak platform empowers property operation teams to achieve operational efficiencies, reduced climate impact and superior customer experience.

David Walsh (pictured) commented: “CIM makes it easy for operation teams to manage large buildings and deliver significant economic and environmental benefits for building owners, operators, tenants and wider society.

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“The built environment accounts for c.40% of all carbon emissions globally and our goal is to help the sector reduce more than one Gigatonne of emissions.”

The main participants in the funding round are Five V Capital and Carthona Capital.

The funding will be deployed on international expansion in Asia and North America, with a doubling of headcount expected in the next 12 months.

Walsh added: “We have been very fortunate to partner with many innovative and highly collaborative building owners and property management firms across Australia and Europe.

“It has been a long road from my roots in Tipperary to building CIM into the position we enjoy today, and I’m excited to initiate the next stage of our growth.

“It brings us closer to our vision of positively impacting the daily lives of the two million facilities managers currently managing buildings globally.”

Ed Bigazzi at Five V Capital stated: “CIM is unique in that it solves three problems at once. First, it reduces the carbon footprint for a building which moves us towards net-zero and makes the building more valuable.

“Second, it saves the building owner running costs and improves the bottom line.

“And third, it closes the loop between detecting a fault and fixing a fault through smart workflow. We see a significant global market opportunity, and we are still in the very early innings.”