Passivelogic Raises $15 Million From Brookfield Growth

Apr 12, 2022•about 3 years ago

Amount Raised

$15 Million

SustainabilityReal EstateArtificial IntelligenceScience And EngineeringOtherData And AnalyticsInformation TechnologySoftware

Description

PassiveLogic, maker of the world's first autonomous building platform, has secured $15 million from Brookfield Growth, the growth technology investment arm of Brookfield. The capital will support the development of a first-of-its-kind autonomous buildings platform that can be used to retrofit buildings of all shapes and sizes, and pave the way for the next 30 years of energy efficiency. PassiveLogic enables buildings and building controls to make independent real-time decisions based on digital twin descriptions.

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/.

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