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A/O is awarded PropTech Investor of the Year by UKPA

January 11, 2022

PassiveLogic, creator of the first fully autonomous building platform, has secured $34 million 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.

A successor to traditional deep learning, Quantum provides virtual analogues to real-world objects, powered by the company’s physics-based artificial intelligence technology. This enables real-world objects to understand their behaviour and interactions and learn in place while operating in real-time. PassiveLogic’s autonomous suite is built around their Hive controller, enabling connectivity to building systems. Hive controllers work together within a building to provide an edge platform for sensors, equipment, and IoT, allowing whole-building control without requiring cloud connectivity. In recent pilot projects, PassiveLogic’s approach demonstrated 30 percent energy savings and 90 percent labour savings in programming, installation, and commissioning compared to conventional solutions.

PassiveLogic’s product suite understands how a building’s equipment and systems interact, allowing processing times to be slashed from many days to a few minutes. This functionality allows local in-building AI to make real-time control and management decisions that co-optimize comfort, maintenance, efficiency and operational costs.

“Automation has been a game-changer for the automotive industry, bringing us self-driving cars. Now the built industry is about to redefine a lot of its operating engineering stack. PassiveLogic’s autonomous building systems drive performance and efficiency and are a perfect example of how technology can accelerate the decarbonisation of the real estate sector. Passive Logic can save about 30% of energy consumption alongside meaningful labour reduction.” said A/O PropTech CDO, Othmane Zrikem.

PassiveLogic’s platform scales to any building or campus, both in new and retrofit applications, including specialized applications in factories, hospitals, data centres, and more. PassiveLogic has a growing roster of partnerships with many industry stakeholders, including building owners, operators, architects, engineers, contractors, and utility partners. Beyond autonomous operation and management, PassiveLogic’s platform paves the way for human-centric architecture.

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