Monaire Secures $3.5M in Seed Funding for AI-driven Sustainability Solutions

Monaire Secures $3.5M in Seed Funding for AI-driven Sustainability Solutions

Monaire, a startup based in Boston, MA, specializing in AI technology aimed at reducing waste and emissions in small commercial buildings, has successfully raised $3.5M in Seed funding.

The funding round was spearheaded by Construct Capital, accompanied by contributions from Workshop Ventures. Additionally, notable individual investors such as Steve Fredette and Tom Kuo have strategically participated in this round.

The investment infusion will fuel Monaire’s ongoing efforts in enhancing its proprietary sensors and AI technology. Moreover, it will facilitate the company’s expansion into new markets across the United States.

Established in 2022 by Nishant Kanapilly and Rahul Subramany, Monaire offers predictive HVAC and Refrigeration (HVAC/R) maintenance and energy management solutions to commercial building owners. Leveraging AI capabilities, Monaire detects and diagnoses issues within a building’s HVAC/R system, promptly dispatching verified technicians for resolution. Through a network of wireless sensors, Monaire’s software continuously monitors HVAC/R system performance, proactively preventing energy wastage and swiftly identifying problems for timely intervention.

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