Monaire Secures $3.5M Seed Funding to Combat Waste and Emissions in Commercial Buildings with AI Technology
Monaire is at the forefront of utilizing AI to revolutionize maintenance and energy management in commercial buildings.
Company Name: Monaire
Location: Boston, MA
Sector: AI for Waste and Emissions Reduction in Commercial Buildings
Funding Details: Raised $3.5M in Seed funding, led by Construct Capital with participation from Workshop Ventures, Steve Fredette, and Tom Kuo.
Purpose of Investment: To continue the development of proprietary sensors and AI technology, and to expand into more markets across the United States.
Leadership: Co-founded by Nishant Kanapilly and Rahul Subramany
Product: Monaire offers predictive maintenance and energy management solutions for HVAC and Refrigeration systems in small commercial buildings. Utilizing AI, Monaire detects, diagnoses, and dispatches technicians for issues with HVAC/R systems through its network of wireless sensors, aiming to prevent energy waste and system problems efficiently.
About Company: Monaire is at the forefront of utilizing AI to revolutionize maintenance and energy management in commercial buildings. By targeting the HVAC and Refrigeration systems, Monaire's innovative approach not only promises to significantly reduce waste and emissions but also to streamline operational efficiency for commercial building owners. The company's recent seed funding from leading investors like Construct Capital highlights the market's confidence in Monaire's potential to make a substantial impact on the environmental footprint of commercial buildings across the U.S.