TLDR: PassiveLogic, a Salt Lake City-based innovator in generative autonomy for building and infrastructure automation, has successfully closed a $74 million Series C funding round. The investment, led by noa, with significant participation from several prominent firms, will fuel the company’s expansion of operations and development efforts in its AI-driven building management solutions.
Salt Lake City, UT – PassiveLogic, a leading company at the forefront of generative autonomy for the built environment, announced today the successful completion of its Series C funding round, raising an impressive $74 million. This substantial investment is poised to accelerate the company’s mission to revolutionize how buildings and industrial systems are designed, operated, and managed.
The funding round was spearheaded by noa, with a diverse group of investors contributing, including Prologis Ventures, Johnson Controls, PSP Growth, Addition, NVentures, Keyframe, and Brookfield. The capital infusion is earmarked for the expansion of PassiveLogic’s operational capabilities and the intensification of its development initiatives.
Under the leadership of CEO Troy Harvey, PassiveLogic is pioneering generative AI software specifically tailored for the built environment. The company’s core offering enables “generative autonomy for things” and fosters universal real-time collaboration among teams. This approach aims to transform buildings and industrial systems into “infrastructural robots,” capable of intelligent, independent operation.
PassiveLogic’s innovative ecosystem comprises several key products designed to achieve this vision:
Hive: The flagship product, Hive, leverages real-time physics-based digital twins and advanced AI models to facilitate independent, millisecond-level decision-making within building systems.
Sense Nano: A sophisticated wireless sensor that captures crucial occupancy and environmental data in real-time, providing the necessary inputs for intelligent automation.
Quantum Lens: A user-friendly mobile application that empowers users to create a fully defined digital twin of any building simply by using a smartphone.
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Collectively, these technologies form a scalable architecture that seamlessly integrates into both new constructions and existing retrofits across a wide array of facilities. PassiveLogic’s solutions promise to enhance efficiency, sustainability, and responsiveness in building management, marking a significant leap forward in smart infrastructure.
