# R-Zero Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/r-zero-systems

- Industry: Environmental Services
- Headquarters: Salt Lake City, US
- Website: www.rzero.com
- Total disclosed funding: $283M
- Latest round: Series C (Feb 16, 2023)
- Investors on record: 12

## About

R-Zero Systems, Inc. specializes in smart building technology, enhancing energy efficiency and indoor air quality through innovative, sensor-driven solutions. The company aims to optimize building performance across various sectors, including healthcare and education.Founded in 2020 and headquartered in Salt Lake City, US, R-Zero Systems, Inc. focuses on providing smart building solutions. The company was established by Ben Boyer, Eli Harris, and Grant Morgan. R-Zero has successfully raised USD 105.00 mn in its Series C funding round on February 16, 2023, with participation from investors such as BMO Financial Group and Mayo Clinic. This funding round marks a significant milestone, as it represents the total amount raised by the company to date.R-Zero Systems specializes in smart building technology that enhances energy efficiency, indoor air quality (IAQ), and space optimization through an integrated platform. Their primary offerings include sensor-driven solutions for occupancy monitoring, real-time air quality assessments, and advanced air filtration systems such as the ACS Slim Line MERV 13 filters. These products serve various sectors including corporate real estate, healthcare, education, and public services, optimizing building performance and facilitating data-driven decision-making.R-Zero generates revenue through a subscription-based model coupled with direct sales of its smart building products and services. Clients engage in partnerships to implement R-Zero’s solutions for energy efficiency and indoor air quality management. Revenue is structured around comprehensive analytics services and hardware installations, allowing clients to monitor real-time data on space utilization and air quality.Following its most recent funding round in February 2023, R-Zero Systems, Inc. plans to utilize the USD 105.00 mn raised to enhance product supply to various establishments. The company is focused on expanding its offerings and is actively designing new products aimed at improving indoor air quality and energy efficiency. Additionally, R-Zero is assessing opportunities for market expansion into new geographic regions, with specific targets across the United States and potential international markets.

## Funding rounds

- Series C, Feb 16, 2023, $105M — Upfront, BMO Financial Group, DBL Partners, Qualcomm Ventures, SOSV, Mayo Clinic, World Innovation Lab, Bedrock
- Series C, May 10, 2022, $105M — Upfront, CDPQ, DBL Partners, Qualcomm Ventures, SOSV, World Innovation Lab, Bank of Montreal, Bedrock
- Series B, Jun 2, 2021, $42M — DBL Partners, SOSV, World Innovation Lab, HAX
- Series A, Sep 30, 2020, $16M — DBL Partners, SOSV, Bedrock, Swiftarc Ventures
- Seed, Aug 19, 2020, $16M — SOSV, HAX, Swiftarc Ventures
- Seed, Jun 24, 2020 — SOSV
- Seed, Apr 15, 2020 — Swiftarc Ventures

## Investors

- Swiftarc Ventures (https://capitalatlas.ai/funds/swiftarc-ventures) — Seed, Series A
- SOSV (https://capitalatlas.ai/funds/sosv) — Seed, Series A, Series B, Series C
- HAX — Seed, Series B
- DBL Partners (https://capitalatlas.ai/funds/dbl-partners) — Series A, Series B, Series C
- Bedrock (https://capitalatlas.ai/funds/bedrock) — Series A, Series C
- World Innovation Lab — Series B, Series C
- Upfront (https://capitalatlas.ai/funds/upfront) — Series C
- CDPQ — Series C
- Qualcomm Ventures (https://capitalatlas.ai/funds/qualcomm-ventures) — Series C
- Bank of Montreal — Series C
- BMO Financial Group — Series C
- Mayo Clinic — Series C