Nvidia has announced a $15m (£13.2m) investment from its venture arm NVentures into building automation company PassiveLogic.
PassiveLogic’s autonomous platform software was designed to allow building industry specialists – such as architects, engineers and contractors – to automate construction processes and establish digital twins to reduce cost, time and environmental impact of operations.
The system uses Quantum digital twin technology to create virtual copies of operational assets and on-site autonomous systems, allowing users to gain better insight into problems, thereby also allowing them to solve these issues more rapidly.
Troy Harvey, PassiveLogic CEO, said: “To solve complex, compute-intensive problems like autonomous systems we created the first ‘industrial-grade AI’ platform.
“[This] takes us beyond research-centric deep learning, enabling compile-time, type checked, heterogeneous models that we can deliver into the hands of regular people.”
The company also has a “Hive” control platform in its product pipeline, a system that the team describes as a “brain for buildings”; combining all sensors and IoT equipment at a site into a single platform. PassiveLogic says the platform is easy to use as it’s designed to be simple for workers to use without prior training.
This latest investment follows two successful funding rounds this year. In January, the company secured $34m (c.£24.9m) in Series B funding from leading investors Addition and Keyframe, and in April they bagged $15m (£11.5m) from Brookfield Growth.
Image: Blue Planet Studio/Shutterstock
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