Home » PassiveLogic secures $15m from Brookfield Growth

PassiveLogic secures $15m from Brookfield Growth

by Sion Geschwindt
PassiveLogic secures $15m from Brookfield Growth

PassiveLogic, the world’s first autonomous building platform, has secured $15m (£11.5m) from Brookfield Growth.

The company will use the fresh funding to develop its autonomous buildings platform that enables buildings and building controls to make independent real-time decisions based on digital twin descriptions.

PassiveLogic’s Autonomy Studio software provides end users a generative design and management environment that executes on the company’s Hive Autonomous System hardware. 

Josh Raffaelli, managing partner at Brookfield, said: “To get to the future of real estate, there needs to be a digital platform that can aggregate building data, enable building managers to customise automation controls, and act upon it in real-time. 

“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.”

John Bacus, VP of User Software at PassiveLogic, said: “PassiveLogic has built an incredible array of technologies that address the whole life cycle of the building business.

“We are reinventing how we design building systems, how manufacturers describe equipment as digital twins, how automation hardware engages with construction professionals—all the way to providing owner-operators with the first high-level tools and API for making new types of building applications.”

Image credit: PassiveLogic

Read next: PassiveLogic raises $34m for autonomous building platform

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