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Passivelogic Raises $34 Million For Autonomous Building Platform Led By Addition

Jan 11, 2022•over 3 years ago

Amount Raised

$34 Million

Salt Lake CitySoftware

Description

PassiveLogic, creator of the first fully autonomous building platform, has secured $34 million in Series B funding from leading investors Addition and Keyframe. They are joined by commercial real estate strategics, including RET Ventures, Brookfield Growth, and Era Ventures from the U.S., and Europe's largest proptech VC firm, A/O PropTech.

Company Information

Company

PassiveLogic

Location

6510 Millrock Drive, STE 350

Salt Lake City, Utah, United States

About

PassiveLogic is disrupting the world of automation with the first fully autonomous platform for buildings. We reinvented automation to replace legacy control logic with real-time control decisions at the edge, reducing the world's carbon footprint, while paving the way for smart cities. We bring together the most talented engineers, thinkers and creatives - backed by the world's leading investors - to make the future a reality.

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