PassiveLogic raises $34m for autonomous building platform
PassiveLogic, creator of the first fully autonomous building platform, has secured $34m in Series B funding from leading investors Addition and Keyframe.
They are joined by commercial real estate strategics, including RET Ventures, Brookfield, and Era Ventures from the U.S., and Europe’s largest proptech VC firm, A/O PropTech.
“Buildings are the world’s most complex systems, a problem that increases as buildings become ‘smart.’ We’ve built a platform that tames increasing complexity and addresses the growing technology needs of the built environment,” said PassiveLogic CEO Troy Harvey. “At PassiveLogic, our core focus is to redefine how people participate in the design, build, operation, and maintenance of complex systems.”
Founded by visionary entrepreneurs Troy Harvey and Jeremy Fillingim in 2016, PassiveLogic is redefining autonomous systems technology with the vision of empowering anyone to effortlessly design their own custom applications — without requiring 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 build models by simply drawing. The software then generates a physics-based digital twin, in a new description language called Quantum. These applications deploy 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 utilize new autonomous technologies, machine learning and easily configurable software to help streamline the implementation and management of building controls systems,” said Todd Arfman of Addition. “We’re thrilled to double down and continue our investment in PassiveLogic to modernize today’s building infrastructure and connectivity.”