What does Runwise do?
Runwise is a smart operating system company that integrates proprietary wireless technology, hardware, and cloud-based software to automate building operations, resulting in rapid deployment and significant energy cost savings.
How much did they raise?
The company raised $55M in a Series B round led by Menlo Ventures with participation from MassMutual Ventures, Nuveen Real Estate, Multiplier Capital, Munich Re Ventures, Soma Capital, Alumni Ventures, Helium-3, Cooley, and Fifth Wall, bringing its total funding to $79M.
What are their plans for the money?
Runwise intends to use the funds to support further product innovation, expand its team, and enter new core markets, which could enhance its impact on reducing energy costs and optimizing building operations on a larger scale.
What have they achieved so far?
The company has already saved its customers over $100M in energy costs and its solutions are installed in more than 10,000 buildings across the U.S., serving over 1,000 customers including major real estate operators.
