Digital twin startup PassiveLogic raises $15M –
Summary
CEO Troy Harvey says that the new capital will be put toward growing PassiveLogic’s team and “launching an ecosystem of products that enable autonomy.” Analysts at McKinsey (among others) predict the pandemic will spur an interest in more comfortable, sustainable working spaces. PassiveLogic’s product is designed to enable autonomous control of legacy building systems by interfacing with them using a combination of sensors, equipment and devices that don’t need cloud connectivity. While 3D geometry is sufficient to communicate the digital twin visually and how parts fit together, the geometric model may not be able to perform simulations of the behavior of the physical counterpart in use or operation. “PassiveLogic’s generalized autonomy platform is ideally suited to buildings, which are complex control systems requiring entirely customized solutions. This platform will be the interface for the next generation of PropTech services the market wants to plug into buildings, and will save customers both time and money in deploying automation projects.” PassiveLogic — whose total capital raised stands at $65.2 million with the new funds — remains in the pre-product stage, with plans to enter beta and production later this year.
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