On the heels of Series B success and follow-on Brookfield investment, PassiveLogic secures NVIDIA investment
SALT LAKE CITY, September 20, 2022 /PRNewswire/ — PassiveLogic (passivelogic.com), creator of the first generative autonomy platform, announces an investment from NVentures, the venture capital arm of NVIDIA. PassiveLogic adds NVIDIA to its broad coalition of backers, which includes real estate asset owners, equipment manufacturers and venture capitalists such as Addition, Brookfield, Keyframe, RET, Era and A/O Proptech. To date, the company has raised more than $80 million.
PassiveLogic’s mission is to revolutionize the way we design, install and operate controlled systems and the built environment. PassiveLogic standalone platform software enables architects, engineers, contractors and building owners to automate systems in a fraction of the time of previous solutions, while bringing on-site intelligence to buildings to meet operational requirements and the environmental, social and governance (ESG) growth objectives of asset owners.
PassiveLogic’s products are built on a breakthrough technology stack for differentiable computing, using the Quantum Digital Twin standard, which allows users to compose neural networks quickly, without prior training. PassiveLogic’s AI framework unifies system code, training, and inference into a single paradigm, solving models orders of magnitude faster than industry benchmarks like TensorFlow. The company’s compiler technology is open sourced in Apple’s Swift compiler toolchain.
Troy HarveyPassiveLogic CEO and architect of the Quantum Standard, described this milestone as follows: “To solve complex, compute-intensive problems like autonomous systems, we created the first industrial-grade AI platform, which takes us beyond search-centric deep learning, enabling compile-time type-checking heterogeneous models that we can put in the hands of ordinary people.”
PassiveLogic leads the building control industry with practical solutions that democratize automation. For example, the company’s Hive control platform is 10 times faster to install than conventional automation solutions. The Hive – a “brain for buildings” – brings together sensors, IoT and controllable equipment with an edge-based autonomy engine based on the Quantum digital twin standard. The entire platform is built on Quantum digital twins from the ground up. The company runs its cutting-edge technology on the NVIDIA Jetson edge artificial intelligence and robotics platform and is a member of NVIDIA Inception, a program that supports startups.
Mohamed “Sid” Siddeek, Head of NVIDIA’s NVentures Team, said, “PassiveLogic has a vision to revolutionize the real estate industry through autonomous edge operations. They have a world-class team with deep industry and technical expertise preparing to launch a highly differentiated solution with their initial customers.”
To fuel its leadership in autonomous systems technology, PassiveLogic plans to collaborate with NVIDIA on digital twins, GPUs and compiler technology. Harvey said: “Buildings use 41% of the world’s energy. To make these buildings more efficient, we’ve built a technology stack that generalizes autonomous control, making it usable for people who apply these technologies on a daily basis. “
CEO of PassiveLogic Troy Harvey will participate in a panel at NVIDIA’s GTC Technology Conference on September 21 at 9:00 a.m. PDT. All are invited to register for the virtual event online at the following link:
PassiveLogic is changing the future of the built environment by powering autonomous systems and laying the foundation for smart buildings. They reimagined the way we design, build, operate, maintain and manage our buildings using revolutionary “deep physics” digital twins and future-proof AI-enabled controls, and made this technology accessible to all types of buildings, large and small, new constructions and renovations. In a world increasingly impacted by climate change, PassiveLogic has developed a way to save a third of building energy consumption by making buildings truly smart.
SOURCE Logic Passive