Daikin Applied Acquires Minority Stake in Riptide IO

Daikin Applied Americas announced it is acquiring a minority ownership stake in Riptide IO, a cloud-based building automation software company. The investment deepens an existing strategic partnership and aims to expand Daikin's intelligent equipment and IoT capabilities for commercial buildings.

“Daikin Applied Americas announced it is acquiring a minority ownership stake in Riptide IO, a Santa Barbara, California-based software company that focuses on helping building owners connect, manage, and automate building equipment by bringing the benefit of the Internet of Things (IoT) to commercial buildings.”

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