Runwise, a NYC-based smart operating system company for buildings, recently raised $55 million in Series B funding led by Menlo Ventures, with participation from MassMutual Ventures, Nuveen Real Estate, Multip...
Big news for @wearerunwise: We’ve officially closed our Series B and a new round of growth debt to help us bring Runwise from 10,000 buildings to all 50,000,000.
Thank you @axios and @alneuhauser for the write-up.
bit.ly/3HOpoqU
Today we welcome @wearerunwise to the Menlo portfolio!
We’re proud to lead their $40M Series B— Runwise is modernizing building ops with AI-powered systems that cut energy use by up to 30%.—transforming operations that haven't changed in 60 years.
Thrilled to back founders @leemhoffman, Jeff Carleton and the entire Runwise team. AI meets the built environment—one of the decade's most important frontiers.
For more on why @Bad2theSloane was excited to lead this round:
🔗mnlo.vc/runwise
7,500 buildings use Runwise and have saved more than $70M in energy costs.
Contact us today and ask for an estimate to see how much your building can save with smart controls.
Buildings account for 40% of the carbon emissions in cities.
For the impact you get, Runwise smart controls are the lowest cost investment you can make towards energy efficiency.
Often, over-looked, boring maintenance and no/low cost changes can cut 30-40% off an energy budget.
You don't always have to spend a ton of money or take on enormous projects to improve your building's energy use.
Should your building go all electric right now or wait until sometime in the future?
John Skipper, Director of Energy Management at FirstService Energy: it probably doesn't make sense to go electric if your current system still has life in it and room for efficiency improvement.
Our Energy Efficiency Speaker Series event last week provided so many tips for cutting energy costs.
Dan Levy from Approved Oil: if the system isn't vented properly, your boiler is running more than it needs to - means you're spending far more on heating than you should be.