Daikin Applied buys minority stake in Riptide IO

Daikin Applied Americas acquired a minority ownership stake in California IoT building-automation software company Riptide IO; terms were undisclosed and Daikin's CEO joined Riptide's board.

“Daikin Applied Americas has acquired a minority ownership stake in Riptide IO, a California-based software company that focuses on helping building owners automate building equipment by bringing the Internet of Things (IoT) to commercial buildings.”

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