PassiveLogic Raises $ 34 Million for Stand-Alone Construction Platform Led by Addition

By enabling users to efficiently create their own stand-alone building systems, the investment aims to grow the company’s talent team and launch an ecosystem of self-sustaining products.

SALT LAKE CITY, January 11, 2022 / PRNewswire / – PassiveLogic, Creator of the First Fully Self-Contained Construction Platform, Has Obtained $ 34 million in Series B financing from major investors Addition and Keyframe. They are joined by commercial real estate strategies including RET Ventures, Brookfield Growth, and US Era Ventures, and Europe proptech’s largest venture capital firm, A / O PropTech.

PassiveLogic, creators of the first fully autonomous building control platform.

“Buildings are the most complex systems in the world, a problem that grows as buildings become ‘smart’. We have built a platform that tames increasing complexity and responds to the growing technological needs of the built environment, ”said PassiveLogic CEO Troy harvey. “At PassiveLogic, our primary goal is to redefine the way people participate in the design, construction, operation and maintenance of complex systems.”

Founded by visionary entrepreneurs Troy harvey and Jeremy Fillingim in 2016, PassiveLogic redefined autonomous systems technology with the goal of enabling anyone to effortlessly design their own custom applications, without the need for a team of PhDs. The company has developed a product ecosystem that enables autonomous systems from development to deployment. PassiveLogic’s software environment, Autonomy Studio, allows users to create models by simply drawing. The software then generates a physics-based digital twin, in a new description language called Quantum. These applications are deployed within PassiveLogic’s control hardware, the Hive, a scalable automation platform.

“PassiveLogic’s platform has unique capabilities to generate a digital twin of a building and use new stand-alone technologies, machine learning, and easily configurable software to help streamline the implementation and management of control systems.” of the building ”, declared Todd arfman addition. “We are delighted to double and continue our investment in PassiveLogic to modernize the infrastructure and connectivity of buildings today. “

A successor to traditional deep learning, Quantum provides virtual analogues to real-world objects, powered by the company’s physics-based artificial intelligence technology. This allows real-world objects to understand their behavior and interactions and learn on the spot while operating in real time. PassiveLogic’s standalone suite is built around their Hive controller, enabling connectivity to building systems. Hive controllers work together within a building to provide an edge platform for sensors, equipment, and IoT, enabling control of the entire building without the need for cloud connectivity. In recent pilot projects, PassiveLogic’s approach has demonstrated 30 percent energy savings and 90 percent labor savings in programming, installation and commissioning compared to conventional solutions.

PassiveLogic’s product suite understands how a building’s equipment and systems interact, reducing processing times from days to minutes. This feature enables local building AI to make real-time control and management decisions that co-optimize comfort, maintenance, efficiency and operational costs.

“The version of ‘machine learning’ in today’s building automation applications lacks effective data controls. With PassiveLogic’s solution, we finally have the opportunity to take advantage of more powerful technology to have an impact on the building market, which accounts for 39% of global CO2 emissions, ”said Benjamin birnbaum, Partner at Keyframe. “We are thrilled to be part of this round of funding to bring a one-of-a-kind solution to the construction industry – one that has been hungry for innovation for too long. “

PassiveLogic’s platform adapts to any building or campus, both in new and retrofit applications, including specialty applications in factories, hospitals, data centers, etc. PassiveLogic has a growing list 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-centered architecture, interactive energy networks, a response to demand from public services and the future of smart cities.

About PassiveLogic

Founded in 2016, PassiveLogic is changing the future of the built environment by powering autonomous building systems and laying the foundation for smart cities. The current technology behind building controls has remained unchanged for decades. PassiveLogic has reinvented the way we design, build, operate, maintain and manage buildings using revolutionary “deep physics” digital twins and future AI-enabled controls. In a world increasingly affected by climate change, PassiveLogic has developed a way to reduce energy consumption by a third by making building controls truly smart.

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About the keyframe

The key image is a New York SEC-registered investment company founded in 2019. The company’s generalist and multi-asset mandate allows it to invest in a wide range of business models and capital structures. Keyframe seeks to build long-term partnerships with businesses and leverage its flexibility to unleash growth and drive innovation.

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