# Monaire

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/monaire

- Industry: Heating, Cooling & Ventilation Equipment and Services
- Headquarters: Waltham, US
- Website: www.monaire.ai/
- Total disclosed funding: $4.1M
- Latest round: Seed (Dec 13, 2023)
- Investors on record: 2

## About

Based in Massachusetts, US, and founded in 2022 by co-founders Nishant Kanapilly and Rahul Subramany, Monaire Inc. operates as a provider of heating, ventilation, air conditioning, refrigeration maintenance, and energy management solutions for small commercial buildings by using AI technology to detect and diagnose system issues. In December 2023, Monaire Inc. raised USD 4.14 million in seed funding led by Construct Capital, with participation from Workshop Ventures. As of 2024, the company is led by its CEO, Nishant Kanapilly.

The company provides HVAC and refrigeration management solutions for businesses, including restaurants, convenience stores, and facilities. These solutions include advanced sensors, AI-powered diagnostics, and automated maintenance protocols to prevent outages, minimize repair expenses, and improve efficiency in the energy system. Moreover, the firm offers real-time monitoring, predictive maintenance, and automated workflows to minimize food waste. Additionally, the company also provides services such as dispatching vetted technicians for repairs.

The company plans to use its proceeds from December 2023 funding to expand its presence in additional markets across the United States.

## Funding rounds

- Seed, Dec 13, 2023, $4.1M — Construct Capital, Workshop Ventures

## Investors

- Construct Capital (https://capitalatlas.ai/funds/construct-capital) — Seed
- Workshop Ventures (https://capitalatlas.ai/funds/workshop-ventures) — Seed