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Venture Capital News: PassiveLogic Announces $34M Series B Round

2022-01-11
SALT LAKE CITY, UT, PassiveLogic, creator of the first fully autonomous building platform, has secured $34 million in Series B funding from leading investors Addition and Keyframe.
Addition and Keyframe 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.

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.
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