Monaire Raises $3.5M to Help Small Commercial Buildings Transition to Sustainable Heating & Cooling Using AI
Monaire, a startup that uses AI to curb waste and emissions from small commercial buildings, announced $3.5 million in seed funding. Construct Capital led the round with participation from Workshop Ventures, as well as strategic individual investments from Steve Fredette, the president and co-founder of Toast, and Tom Kuo, co-founder of A-Street and chairman of the board at Mighty Earth.
Monaire’s predictive maintenance and energy management platform automatically detects, diagnoses and services HVAC and refrigeration systems in small commercial buildings. Using a network of wireless sensors, proprietary AI-enabled software continually monitors performance in a building’s HVAC/R systems, preventing energy waste and detecting problems.
The company plans to use the funding to continue developing its proprietary sensors and AI technology, as well as expanding into additional markets across the United States.
