201901 Feb

Logical Buildings Closes $3.5 Million Series C-1 Offering as SmartKit™ AI Smart Building Software ...

Summary

The company’s SmartKit AI product growth is fueled by the convergence of energy grid decentralization, building systems’ digital transformation, and IoT device consumerization. Linking real-time data insights with actionable digital protocols to generate a net increase in NOI is a game-changing capability we provide our clients,” said Jeff Hendler, CEO of Logical Buildings. Logical Buildings was recently selected as an innovation technology finalist to present SmartKit AI to a panel of utilities at DistribuTECH’s Initiate! The company announced new product features at CES earlier this month that expand the platform’s interoperability with smart devices and voice activation services. Integration of Logical Buildings’ products and services in large multifamily and commercial properties materially reduces operating expenses, generates revenue from existing mechanical equipment, enables Wi-Fi connectivity, and improves building operations/fault detection/resiliency.

Source: Google

Funding

$3.5M
Amount
Feb 01 2019
Date
-
Investor
logicalbuildings
Company

Classifications

Companies