Construct Capital

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Monaire raises $3.5M to help small commercial buildings transition to sustainable heating and cooling using AI

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Monaire, Construct Capital

Monaire, a startup that uses AI to curb waste and emissions from small commercial buildings, announced $3.5 million in seed funding. Construct Capital led the round with participation from Workshop Ventures, as well as strategic individual investments from Steve Fredette, the president and co-founder of Toast, and Tom Kuo, co-founder of A-Street and chairman of the board at Mighty Earth.

Monaire’s predictive maintenance and energy management platform automatically detects, diagnoses, and services HVAC and refrigeration (HVAC/R) systems in small commercial buildings. Using a network of wireless sensors, Monaire’s AI-enabled software continually monitors performance in a building’s HVAC/R systems, automatically preventing energy waste, and detecting problems. When issues are detected, Monaire immediately diagnoses the problem and automatically dispatches an available technician to make repairs.

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