Neutral host network provider Andorix has secured a substantial USD $40 million funding round, with an option for an additional USD $35 million, blending debt and equity financing.
Lead investor, Voya Investment Management, aims to drive the expansion of Andorix’s fibre-based converged network across 250 North American buildings.
CEO Wayne Kim highlights the escalating demand for smart buildings, catering to energy efficiency and tenant well-being.
Andorix’s established Smart Building technologies, deployed in over 20 million sq. ft. of real estate, have yielded notable 40%-70% capex savings and enhanced operational efficacy.
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