Brookfield invests $15m in PassiveLogic

PassiveLogic, an autonomous building platform, has secured $15 million from Brookfield Growth, the growth technology investment arm of Brookfield.

“To get to the future of real estate, there needs to be a digital platform that can aggregate building data, enable building managers to customize automation controls, and act upon it in real time. This platform will be the interface for the next generation of PropTech services the market wants to plug into buildings and will save customers both time and money in deploying automation projects,” said Josh Raffaelli, managing partner at Brookfield.

The capital will support the development of a first-of-its-kind autonomous buildings platform that can be used to retrofit buildings of all shapes and sizes and pave the way for the next 30 years of energy efficiency. PassiveLogic enables buildings and building controls to make independent real-time decisions based on digital twin descriptions.

PassiveLogic’s platform h