The problem with many buildings is that they don’t have the latest energy-saving technology. According to estimates, buildings in the United States release 13% of the nation’s greenhouse gases each year. Fortunately, there’s a solution. Start-up Runwise has raised more than $11 million to put their technology into buildings. Not only will this save the landlords and homeowners money, it will also help the planet.
The company bootstrapped for ten years and has since installed their tech in hundreds of buildings. Currently, the technology is used by large real estate companies like Related, Blackstone, Lefrak, and Douglas Elliman. In fact, Runwise says its technology is in more than 4,000 buildings, affecting over 300,000 people. And the company claims that once it installs the tech in the buildings, it will pay for itself in nine months.
Main Selling Points
One of the main selling points of Runwise is that it replaces antiquated technology like timers and switches with computer controllers. The company has also developed wireless sensors that last for a decade. These sensors are operated by a computer controller and a battery. The controller manages the heating and cooling of the building. The startup claims that its installation cost can be recouped in nine months.
The company’s tech works with existing heating tech like on/off switches and timers. It then adds in sensors that can detect overheating. The runwise system is powered by a computer and runs on 10 year batteries. The company says that it will pay for itself in nine months. Its software is free to use and has a high return on investment. With this technology, the money spent on installation will be recouped within the first nine months of installation.
The company’s biggest selling point is its ability to replace the technology found in old buildings that run on timers and switches. The Runwise technology is based on sprinkles technology, which can prevent buildings from overheating and prevent fires. The company has developed a wireless sensor system that operates on batteries with a 10-year autonomy. The sensors also support the boilers and the heating of the building. The average ROI for this system is nine months, which is well worth the money invested.
The startup has been bootstrapping for over ten years and has 4,000 buildings. While the company uses money generated from its investors, it has already seen huge success in its market penetration. The technology has a market for its services, and is installed in more than three hundred million properties. The tech has already been deployed in over three thousand buildings. The company has received more than $11 million in funding to grow its business.
Large Number Of Building Construction
The company is already operating in more than three thousand buildings and has raised $11 million in its first year. Its technology is compatible with many buildings owned by major real estate operators. It is also used in a large number of residential properties. Its customers include businesses, schools, office spaces, and residential properties. Approximately 9% of these buildings are now Runwise-enabled.
The startup has a large market. Its customers include big real estate operators and other startups. The startup has already sold over $31 million of its tech in more than 4,000 buildings and has raised over $11 million. It has also been successful in bootstrapping for over ten years and has more than 300,000 properties. Founders of the company have been bootstrapped for over a decade. They are a bootstrapped company that has used their own capital.
The company has already sold over 4,000 buildings and is looking to expand to more cities. It also has the potential to save energy by educating dumb buildings. This technology is also available in many major buildings owned by large real estate companies. Currently, it is in beta phase, but the company has a growing market. The goal is to reach a hundred million customers in the next two years.