PassiveLogic, a Utah-based automation startup, has raised $74 million in a Series C funding round led by noa, a London-based venture capital firm focused on the built environment.
The round also saw participation from new investors Prologis Ventures (San Francisco), Johnson Controls (Glendale, WI), and PSP Growth (Chicago). Existing backers Addition, NVentures (NVIDIA’s venture arm), Keyframe, and Brookfield also joined. With this round, PassiveLogic’s total funding now exceeds $125 million.
Founded in Salt Lake City, the company is building a platform that applies generative AI to physical infrastructure. Its Hive platform enables real-time autonomous operations in buildings such as hospitals, office towers, and data centers.
The company’s ecosystem includes Hive, a physics-based digital twin and control engine; Sense Nano, a wireless sensor network that collects occupancy and environmental data; and Quantum Lens, a mobile application that generates a digital twin of any building using only a smartphone.
“Buildings account for almost 40 percent of global carbon emissions, yet most are still controlled by outdated systems designed in the 1990s,” said Troy Harvey, co-founder and CEO of PassiveLogic. “With this funding, we’re accelerating the deployment of true autonomy for the built world, enabling systems that are not just more energy efficient, but fundamentally smarter, safer, and more responsive across every aspect of operations.”
“As an early investor, we’ve seen PassiveLogic’s potential to redefine automation for the physical world,” said Gregory Dewerpe, Founder and Managing Partner at noa. “Their platform isn’t just about saving energy, it’s about giving buildings the ability to understand, adapt, and act autonomously. This is the kind of foundational technology the built world has been missing.”
According to PassiveLogic, the global autonomous buildings market could reach $1.3 trillion by 2030, compared with $191 billion for traditional automation. The company positions itself at the intersection of AI and infrastructure while highlighting Utah’s growing role as a center for automation and AI innovation.
—----------------------
If you are a proptech company and want to promote your products for free, go to proptechbuzz.com and submit your products. For investors or proptech buyers, sign up on our platform to stay informed about exciting updates and trends in the Proptech Ecosystem.
Explore more Proptech news at proptechbuzz.com/news, for news tips and promotions, reach out to marketing@proptechbuzz.com.
By Proptechbuzz
By Ravi Kumar