logo
logo

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

Jan 11, 2022•over 3 years ago

Amount Raised

$34 Million

SustainabilityReal EstateArtificial IntelligenceScience And EngineeringOtherData And AnalyticsInformation TechnologySoftware

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

Passive Logic

About

Founded in 2016, PassiveLogic is changing the future of the built environment by powering autonomous building systems and providing the foundation for smart cities. The current technology behind building controls has remained unchanged for decades. PassiveLogic has reimagined how we design, build, operate, maintain, and manage buildings using revolutionary "deep physics" Digital Twins, and AI-enabled future-forward controls. In a world increasingly impacted by climate change, PassiveLogic has developed a way to cut energy consumption by one-third, by making building controls truly intelligent. For more information, visit www.passivelogic.com. For more information on careers, visit www.passive-logic.com/careers/.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech