Audette, a Victoria, BC, Canada-based proptech company creating actionable data-driven decarbonization plans for commercial real-estate portfolios, raised US$9.5M in funding.
The round was led by Buoyant Ventures, with participation from Energy Impact Partners, Active Impact Investments, Johnson Controls, Osgoode Properties, Powerhouse Ventures, Turnham-Green Capital, and Undivided Ventures.
The company intends to use the funds to accelerate growth by launching its across 150 North American cities over the next 24 months.
Led by Christopher Naismith, CEO and Founder, Audette provides an end-to-end platform that digitizes the process of identifying emissions-reduction opportunities. By using artificial intelligence (AI) to capture, monitor and analyze key building data, the platform enables building owners to:
- Visualize entire portfolios, and identify and evaluate opportunities for low-carbon building improvements, more quickly and accurately
- Develop emission-reduction strategies, track progress, and ultimately achieve goals much more efficiently and cost-effectively
- Source financing and incentives for retrofit projects
The platform parses geospatial imagery on top of its vast and growing sea of private and public data to find every rooftop feature of an area’s building stock. It then applies models from a library of thousands of digital twins across vintages, use types, and HVAC topology to deliver an interactive platform for carbon reduction at regional and building-specific scales. These building-level interactions retrain the platform’s AI models, which improves macro-scale accuracy and creates a flywheel effect.
FinSMEs
04/11/2022