PassiveLogic, maker of generative autonomy platform, secures new investment


Following Brookfield’s successful Series B and follow-up investment, PassiveLogic secures NVIDIA’s investment

SALT LAKE CITY, September 20, 2022 /PRNewswire/ — PassiveLogic (passivelogic.com), creators of the first generative autonomy platform, announces an investment from NVentures, NVIDIA’s venture investment arm. PassiveLogic adds NVIDIA to its broad coalition of supporters, which includes building owners, device manufacturers, and venture investors such as Addition, Brookfield, Keyframe, RET, Era, and A/O Proptech. To date, the company has raised more than $80 million.

PassiveLogic (passivelogic.com), creators of the first generative autonomy platform, announces an investment from NVentures, the venture investment arm of NVIDIA.”

PassiveLogic’s mission is to revolutionize the way we design, install and operate controlled systems and the built environment. PassiveLogic’s autonomous platform software enables architects, engineers, contractors, and building owners to automate systems in a fraction of the time of previous solutions, while bringing local intelligence into buildings to meet operational needs and growing environmental, social, and governance (ESG ) to fulfill. Goals of asset owners.

PassiveLogic’s products are based on a breakthrough differentiable computing technology stack using Quantum’s digital twin standard, allowing users to quickly assemble neural networks with no training required. PassiveLogic’s AI framework brings together system code, training, and inference in a single paradigm, solving models orders of magnitude faster than industry benchmarks like TensorFlow. The company’s compiler technology will be integrated as open source into Apple’s Swift compiler toolchain.

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Troy Harvey, CEO of PassiveLogic and architect of the Quantum standard, stated the milestone: “To solve complex, computationally intensive problems like autonomous systems, we created the first ‘industrial-grade AI’ platform that takes us beyond research-centric deep learning , which allows for compile-time, type-checked, heterogeneous models that we can deliver into the hands of ordinary people.”

PassiveLogic leads the building control industry with practical solutions that democratize automation. For example, the company’s Hive control platform installs ten times faster than traditional automation solutions. The Hive – a “brain for buildings” – combines sensors, IoT and controllable devices with an edge-based autonomy engine based on Quantum’s digital twin standard. The entire platform is built from the ground up on Quantum digital twins. The company powers its advanced technology on the NVIDIA Jetson Edge AI and robotics platform and is a member of NVIDIA Inception, a startup empowerment program.

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Mohamed “Sid” Siddeek, leader of NVIDIA’s NVentures team, commented, “PassiveLogic’s vision is to revolutionize the real estate industry through autonomous operations at the edge of a highly differentiated solution with their launch customers.”

To extend its leadership in autonomous systems technology, PassiveLogic plans to collaborate with NVIDIA on digital twins, GPUs and compiler technology. Harvey explained: “Buildings use 41% of the world’s energy. To make these buildings more efficient, we built a technology stack that generalizes autonomous control and makes it usable for the people who use these technologies every day.”

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Troy Harvey, CEO of PassiveLogic, will participate in a panel at NVIDIA’s GTC technology conference on September 21 at 9:00 am PDT. Everyone is invited to register for the virtual online event at the following link:

Inception VC Alliance: Introducing NVIDIA’s venture capital group, NVentures and their first portfolio companies

About PassiveLogic

PassiveLogic is changing the future of the built environment by powering autonomous systems and providing the foundation for smart buildings. They have reimagined how we design, build, operate, maintain and manage our buildings, using revolutionary “deep physics” digital twins and AI-enabled advanced controls, making this technology accessible to all types of buildings, large or small small. New build and retrofit. In a world increasingly affected by climate change, PassiveLogic has developed a way to save a third of building energy consumption by making buildings truly intelligent.

PassiveLogic is the creator of the first autonomous building platform.  (PRNews photo/PassiveLogic)

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