November 2013 |
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Building Robotics, Maker of People-Centered Intelligent Software for Buildings, Announces $1.14M Seed Round
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Round led by Claremont Creek Ventures
with Google Ventures, Formation 8, Navitas Capital, Red Swan Ventures
and Prominent Angel Investors Participating in Financing
Software Gaining Traction, Deployments with the Federal Government and Large Bay Area Companies
(Oakland, CA, Nov. 7, 2013) Building Robotics, creator of
software for people in commercial buildings, today announced a $1.14M
seed financing round by Claremont Creek Ventures (CCV), Google
Ventures, Formation 8, Navitas Capital, Red Swan Ventures and prominent
angel investors.
Building Robotics’ initial product, Comfy, is the first to meaningfully
reconnect people to the heating and cooling in their work environments,
providing more comfortable spaces while saving energy. The software
installs quickly and easily and is compatible with most existing
building management systems, while providing occupants with a mobile
and web application. It provides instant warm or cool air to people,
while incorporating their usage patterns and feedback into a
machine-learning algorithm that reduces energy.
Uncomfortable Temperature A Familiar Problem
“Who hasn’t been in an office or conference room that was so
uncomfortable you couldn’t get any work done?” asks Building Robotics
CEO Andrew Krioukov. “The number one complaint of office workers is
being too hot or cold. Comfy gives you the ability to tailor
temperature to your needs. And by doing so it yields significant energy
savings, because we know when and where conditioning is needed, and
when it’s not.”
“What’s exciting about Building Robotics is their refreshing, new
approach to software for buildings,” says Nat Goldhaber, Managing
Director of CCV. “Instead of just focusing on how to make the equipment
run better, these guys are asking a more fundamental question: What is
heating and cooling really for? It’s 100% to make people comfortable,
so let’s create a system that allows buildings to meet that need
without all of the typical energy waste and discomfort. Also Building
Robotics' business strategy fits perfectly within Claremont Creek
Ventures' investment thesis. CCV invests in companies that are merging
intelligent, comprehensive product design with innovative technology to
give the user an empowering, productive experience. Comfy does exactly
that.”
Comfy has gained traction in the commercial real estate market with
pilot deployments at large Bay Area technology companies, as well as in
a large federal building, through the General Services Administration’s
Green Proving Ground (GPG) program. The GSA is the nation’s largest
landlord and manages 300 million square feet of office space for the
federal government. Comfy was selected as one of five innovations for
the 2013 program from over 100 applicants.
A New Paradigm In Software For Buildings
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Comfy builds on an open-source platform developed by co-founders Andrew
Krioukov and Stephen Dawson-Haggerty during their time as Ph.D.
researchers in Computer Science at UC Berkeley’s LoCal Group. They
developed a software architecture for buildings that allows for elegant
scalability across a large, existing building stock and for rapid
application development.
“This is a paradigm-shift in the way people operate buildings. It is an
impressively well-considered intervention in the controls landscape.
We’ve been waiting for something like this for a while, so it’s really
exciting to see it finally come to life, and it has an ability to scale
that we rarely see in the building industry. ” says Peter Rumsey,
ASHRAE Fellow and Senior Fellow at the Rocky Mountain Institute and an
advisor and investor in Building Robotics. “It has the potential to
radically shift how people interact with buildings in their daily
lives.”
This investment will allow Building Robotics to add expertise in
building management, development, back-end operations, and user
experience design.
About Building Robotics
Building Robotics is on a mission to harmonize energy use and comfort
in commercial buildings with software that everyone in a building will
love. Pioneering a unique approach to optimize building controls
through elegant software and machine learning, the company develops
intuitive occupant-facing controls that sit on top of existing HVAC and
management systems in commercial buildings. The firm’s first product,
Comfy, ultimately improves comfort and productivity while
simultaneously achieving energy savings.
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