Startup helps increase efficiency of buildings
Startup Logical Buildings has raised a $3.5 million funding round. The smart building tech company helps reduce energy costs and improve operations in large multi-family and commercial properties.
How it works: By installing real-time interval meters, IoT sensors, and load control devices, the company’s SmartKit AI platform provides property managers with real-time data on energy usage and building performance. It also provides data-driven insight based on the building’s energy consumption patterns and energy prices to help property management reduce expenses and increase NOI.