We’re thrilled to partner with PassiveLogic on their Series A round. With PassiveLogic, we intensify our journey towards smarter and greener buildings and cities.
PassiveLogic, creators of the first fully autonomous building controls platform, has secured $16 million in funding. Leading the Series A round are venture capital funds Keyframe Capital and Addition.
Other investors include RET Ventures, A/O Proptech, and NREP, representing the commercial real estate industries in the U.S. and Europe.
The US Department of Energy (DOE) follows the Series A raise with a $1.1M contract to define an industry Digital Twin technology standard for next-generation automation systems. Additional backing for the standard comes from Swiss HVAC component manufacturer Belimo.
PassiveLogic was founded in 2016 by Troy Harvey and Jeremy Fillingim to bring autonomous controls advancements from self-driven vehicles to the larger buildings market, with the vision of democratizing the technology so that users can design their own custom autonomous systems, without needing an engineering team.
PassiveLogic’s autonomous building systems can be installed in new buildings or retrofitted in one-tenth the time of conventional HVAC controls and can reduce energy consumption by 30%, which is significant considering buildings use 40% of energy and 70% of the electricity produced.
PassiveLogic‘s platform enables autonomous systems technology for any building, architecture, or controlled system, without data science expertise or AI training time. Before now, autonomous systems have required large engineering teams, years of training, and have been limited to a single use-case.
The company’s Autonomy Studio software empowers users without programming expertise to graphically define their own system using the company’s Digital Twin technology. These Digital Twins provide virtual analogues to real-world objects, powered by the company’s artificial intelligence IP called “deep physics.”
This technique enables real-world objects to understand their own behaviour and interactions and learn in place while they operate. Since there is no programming code required, automation projects can be done in one day or less, rather than weeks.
PassiveLogic’s autonomous platform is built into their Hive edge controller that enables connectivity to building systems. Within a building, Hive controllers work together to provide an edge platform for sensors, equipment, and IoT – allowing whole-building resilient control without requiring cloud connectivity.
The Hive Digital Twin engine understands how a building’s equipment and systems interact, allowing local in-building AI to make real-time control and management decisions that co-optimize comfort, maintenance, efficiency, and operational costs.
In pilot projects, PassiveLogic’s approach demonstrated 30% energy savings, as well as 90% labour savings in programming installation, and commissioning compared to conventional solutions.
PassiveLogic’s platform scales to any building or campus, both in new construction and retrofit applications. There is a large worldwide market that will benefit from autonomous building technology, including specialized applications in factories, hospitals, and data centers.
PassiveLogic has a growing roster of partnerships with many industry stakeholders, including building owners, operators, architects, engineers, contractors, and utility partners.
Beyond autonomous operation and management, PassiveLogic’s platform paves the way for human-centric architecture, interactive energy networks, utility demand-response, and the future of smart cities.