# PassiveLogic

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

- Industry: Software
- Headquarters: Salt Lake City, US
- Website: www.passivelogic.com/
- Total disclosed funding: $140M
- Latest round: Series C (Sep 16, 2025)
- Investors on record: 13

## About

PassiveLogic Inc. develops advanced building automation solutions focused on optimizing energy efficiency through innovative software and hardware offerings, catering to commercial sectors seeking sustainability improvements.Founded in 2016 and headquartered in Salt Lake City, US, PassiveLogic Inc. specializes in automating building systems to enhance energy management. The company has successfully raised a total of USD 15.00 mn, with its latest funding round being a Series B of USD 15.00 mn from investors including NVIDIA Corporation in September 2022. The company has completed 12 deals to date.Passive Logic specializes in advanced building automation technologies that optimize energy efficiency through its core product offerings. These include a proprietary software platform that integrates with various building systems to facilitate real-time monitoring and control, alongside hardware solutions designed to enhance building performance. The primary end users of these products range from commercial building owners and facility managers to energy service companies, all seeking to reduce operational costs and improve sustainability. The solutions provided by Passive Logic aim to address critical challenges in energy consumption and management by offering enhanced data analysis and automation capabilities. The company's products are marketed predominantly in North America and select markets in Europe, catering to a diverse clientele that values energy management solutions.Passive Logic generates revenue through a combination of direct sales and subscription-based models for its software solutions. The transaction structure typically involves B2B partnerships, where commercial clients engage in multi-year agreements to utilize the company’s automation services. Each client incurs an initial implementation fee followed by recurring subscription costs for continuous access to the software platform and ongoing support services. The pricing plans are designed to accommodate various scales of operations, providing flexibility based on the size and complexity of the customer's building systems. The flagship offerings, which include its innovative building control software, play a crucial role in these transactions.In September 2022, PassiveLogic Inc. raised USD 15.00 mn in Series B funding, which will be utilized to expand its operations in Utah and hire new talents. The company is focused on developing new products designed to enhance building automation capabilities and plans to introduce these solutions within the next year. Furthermore, PassiveLogic aims to expand its market presence into new geographic regions, with specific targets for growth in North America and Europe by 2024. In September 2025, PassiveLogic Inc. raised USD 74 million in series C funding led by Noa, with participation from Addition, Brookfield Ventures, Keyframe Capital Partners, NVentures, Prologis Ventures, PSP Partners, and Johnson Controls also participated in the round.

The company plans to utilize the September 2025 funding to advance autonomous building systems, expand its technology suite, and improve energy efficiency.

## Funding rounds

- Series C, Sep 16, 2025, $74M — Prologis, Johnson Controls, PSP Partners, Brookfield Ventures, Addition, Noa, Keyframe Capital Partners, NVentures
- Series B, Sep 20, 2022, $15M — Brookfield Property Group, NVIDIA Corporation, RET Ventures, Addition, Noa, Keyframe Capital Partners, Era Ventures
- Series B, Jan 11, 2022, $35M — Brookfield Property Group, RET Ventures, Addition, Noa, Keyframe Capital Partners, Era Ventures
- Series A, Jun 29, 2020, $16M — RET Ventures, Addition, Noa, Keyframe Capital Partners, NREP

## Investors

- RET Ventures (https://capitalatlas.ai/funds/ret-ventures) — Series A, Series B
- Addition (https://capitalatlas.ai/funds/addition) — Series A, Series B, Series C
- Noa (https://capitalatlas.ai/funds/noa) — Series A, Series B, Series C
- Keyframe Capital Partners — Series A, Series B, Series C
- NREP — Series A
- Brookfield Property Group — Series B
- Era Ventures (https://capitalatlas.ai/funds/era-ventures) — Series B
- NVIDIA Corporation — Series B
- Prologis (https://capitalatlas.ai/funds/prologis) — Series C
- Johnson Controls — Series C
- PSP Partners (https://capitalatlas.ai/funds/psp-partners) — Series C
- Brookfield Ventures (https://capitalatlas.ai/funds/brookfield-ventures) — Series C
- NVentures — Series C