PassiveLogic offers a digital twin platform leveraging its Quantum Engine technology to autonomously manage the whole building life cycle. The platform uses sensors, software, and on-premise devices to create a system model that generates a digital twin to perform simulations of equipment on the buildings.
The company’s product components include 1) a Hive controller, which is a plug-and-play hardware that connects sensors, equipments, and devices to enable the building platform technology, 2) Cell Modules, which act as cells in the Hive controller to determine the input/output, and 3) Swarm sensors, which gather data and insights such as air temperature and humidity to the Hive controller in real time. In addition, the cell modules offer plug-and-play solutions, automatic monitoring, and fault reporting across several uses including relays, power, motors, and multi-use.
The company is operating in a B2B business model, targeting companies in the buildings and building infrastructure industry. The company aims to expand the technology to the energy, logistics, and supply chain industries.
Key customers and partnerships
In August 2022, the company partnered with Pacific Northwest National Laboratory to develop an AI to enable buildings to optimize their operations. Further, in September 2022 it partnered with NVIDIA to enable integration between PassiveLogic's Quantum digital twin standard and NVIDIA's Omniverse platform for industrial metaverse applications.
Key customers of the company include HVAC systems company Belimo and water heater maker Bradford White to create digital twins of their equipment for its platform.
Funding and financials
The company raised USD 15 million in September 2022 in a venture round from NVIDIA. The funds were earmarked for workforce expansion.
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