Summary:
Runwise uses weather algorithms and sensor networks to optimize building temperatures
Installed in 10,000+ buildings, saving $100 million in energy costs
Recently secured $55 million in Series B funding to expand and integrate AI
Major clients include Related, Equity Residential, and National Grid
Addresses inefficiencies in traditional centralized temperature controls
Runwise: A Game-Changer in Building Efficiency
As record-breaking temperatures sweep across the nation, the demand for efficient cooling in commercial real estate has never been higher. Runwise, a New York-based tech startup, is at the forefront of addressing this challenge with its innovative hardware/software platform designed to optimize building temperatures and reduce energy waste.
The Problem with Traditional Systems
Most large buildings operate on centralized temperature controls, leading to inefficiencies where some areas are too hot while others are too cold. This not only affects comfort but also results in unnecessary energy consumption and carbon emissions.
Runwise's Innovative Solution
Runwise combines future weather algorithms with a wireless temperature sensor network that communicates with a central control system. This system analyzes data in real-time to adjust heating and cooling operations efficiently.
- Example: A 100,000-square-foot building might have just one boiler. Runwise installs 20-25 sensors to gather temperature data, ensuring the boiler runs only when necessary.
Impact and Growth
- Installed in over 10,000 buildings across 10 states.
- 1,000+ customers, including major real estate players like Related, Equity Residential, and National Grid.
- $100 million saved in energy costs to date.
Recent Funding and Future Plans
Runwise recently secured $55 million in Series B funding, bringing its total funding to $79 million. The startup plans to expand nationwide and integrate AI to further enhance its algorithms.
"We're collecting data from more buildings to build advanced models for efficiency," said Jeff Carleton, co-founder and CEO of Runwise.
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