By Bitwave 
Five months after raising $15 million, PassiveLogic, a platform that enables autonomous control of building systems, has secured an additional $15 million in an ‘off-round’ strategic investment from Nvidia’s venture arm, nVentures. This new investment brings PassiveLogic’s total raised to over $80 million and marks a significant vote of confidence in the company.
Expanding Headcount and Product Development
According to CEO Troy Harvey, the new funding will be used to expand the Utah-based company’s headcount from 100 employees to 140 within the next year. This growth is expected to support the development of the company’s platform, which has yet to release any products to the public.
Nvidia’s Strategic Investment
The investment from nVentures represents a significant vote of confidence in PassiveLogic’s vision for revolutionizing the real estate industry through autonomous operations at the edge. "We were impressed with PassiveLogic’s vision to revolutionize the real estate industry through autonomous operations at the edge," said Mohamad Siddeek, head of nVentures. "We are excited to support a world-class team with deep industry and technical expertise as they prepare to launch a highly differentiated solution with their initial customers."
Go-to-Market Strategy
PassiveLogic’s go-to-market strategy has been a key factor in securing the investment from Nvidia. The company has secured contractual commitments for the first two years of sales and distribution partners who plan to include PassiveLogic’s platform in construction and retrofit projects.
Platform Overview
PassiveLogic’s service runs on Nvidia’s Jetson computing platform and interfaces with legacy building systems using a combination of sensors, software, and on-premises devices. The software allows customers to create system models from 3D drawings or scans, which are then used to generate physics-based ‘digital twins’ that predict how a building’s equipment will interact.
Digital Twins and Autonomous Control
Based on data from the digital twin, PassiveLogic makes control and management decisions for the real-world building’s systems. This approach enables buildings to operate more efficiently and sustainably, with reduced energy consumption and increased occupant comfort.
Applicability Beyond Buildings
While PassiveLogic is currently focused on buildings and building infrastructure, Harvey believes that the company’s technology has broader applicability, including energy grids, logistics, and supply chain facilities. The long-term plan is to adapt PassiveLogic’s products to these markets, including the utilities and networking sectors.
Competitors in the Space
The market for autonomous building control systems is competitive, with companies like Honeywell, BrainBox, 75F, and Mesa offering similar solutions. However, PassiveLogic’s focus on edge computing and its partnership with Nvidia set it apart from its competitors.
Conclusion
PassiveLogic’s latest funding round marks a significant milestone in the company’s journey to revolutionize the real estate industry through autonomous operations at the edge. With the support of nVentures and the expertise of Nvidia, PassiveLogic is well-positioned to make a meaningful impact on the built environment.
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