Salt Lake City-based PassiveLogic has announced that it has raised $74 million in Series C funding to scale its efforts for meeting demand for physical AI.
European company Noa, a VC, led the round along with new investors Prologis Ventures, Johnson Controls and PSP Growth. They join existing backers Addition, NVentures, Keyframe and Brookfield to bring the total funding to more than $125 million.
PassiveLogic is working to deliver the world’s first “robot-of-robots” platform, the company said in a release. It orchestrates whole environments — sensors, IoT, systems, energy, infrastructure and other automations. It helps manage a full complexity of environments, from data centers and hospitals to office towers and industrial campuses. By applying autonomous robotics technologies to infrastructure, PassiveLogic said, it is expanding the existing market for building automation (estimated to be $191 billion by 2030), projecting a current global market for autonomous buildings of $1.3 trillion.
“Buildings account for almost 40 percent of global carbon emissions, yet most are still controlled by outdated systems designed in the 1990s,” said Troy Harvey, co-founder and CEO of PassiveLogic. “With this funding, we’re accelerating the deployment of true autonomy for the built world, enabling systems that are not just more energy efficient, but fundamentally smarter, safer, and more responsive across every aspect of operations.”