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About Runwise
Industries
Energy
Enterprise Software
Company Size
51-200
Company Stage
Series B
Total Funding
$101.2M
Headquarters
New York City, New York
Founded
2010
Overview
Runwise optimizes heating systems in buildings using a wireless control, sensor network, and software platform. It serves residential, commercial, and industrial property owners by helping them reduce heating costs, enhance comfort, and lower carbon emissions. The platform integrates with any centrally heated building, offering real-time monitoring and alerts that allow property managers to quickly identify and fix issues. This proactive approach saves money and reduces hassle for building operators. Runwise operates on a subscription model, providing clients access to its features while also enabling them to earn utility rebates through improved energy efficiency. The company emphasizes customer support with 24/7 assistance, ensuring clients receive immediate help. Runwise aims to provide a smarter way to manage heating systems, delivering financial savings, increased comfort, and environmental benefits.
Simplify's Take
What believers are saying
- Runwise raised $55M in Series B funding to support product innovation and expansion.
- The platform is installed in over 10,000 U.S. buildings, saving $100 million in energy costs.
- Runwise was recognized as a top ProNet partner for energy conservation by National Grid.
What critics are saying
- Increased competition from emerging startups could threaten Runwise's market share.
- Rapid technological advancements in IoT and AI may render Runwise's technology obsolete.
- Potential cybersecurity vulnerabilities in wireless systems could risk client trust and penalties.
What makes Runwise unique
- Runwise offers a unique wireless control and sensor network for heating systems.
- The platform provides real-time monitoring and alerts for efficient building management.
- Runwise's subscription model includes potential utility rebates for energy efficiency improvements.
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Funding
Total Funding
$101.2M
Above
Industry Average
Funded Over
4 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Health Savings Account/Flexible Spending Account
Paid Parental Leave
Flexible Paid Time Off
Commuter Benefits
401K
Company paid life insurance
Voluntary supplemental life insurance
Hybrid Work Options
Summer Fridays
Employee Resource Groups
Monthly L&D Series
Growth & Insights and Company News
6 month growth
↓ -2%1 year growth
↓ -2%2 year growth
↓ -2%Runwise announced a $55M Series B funding round led by Menlo Ventures, with participation from MassMutual Ventures, Nuveen Real Estate, and others. This funding will support product innovation, team expansion, and market entry. Runwise's platform, installed in over 10,000 U.S. buildings, has saved $100 million in energy costs. The round was twice oversubscribed, highlighting investor confidence in Runwise's approach to making buildings smarter and more efficient.
/PRNewswire/ -- Runwise—the leading smart operating system for buildings—today announced a $55M Series B financing round. The round was led by Menlo Ventures—a...
Runwise secures $55M in Series B funding led by Menlo Ventures.
Steve Sloane, Partner at Menlo Ventures, will join Runwise's Board of Directors as part of this investment.
Runwise raises $55M to scale the smart operating system for buildings.
Runwise is Hiring for 10 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Runwise
Industries
Energy
Enterprise Software
Company Size
51-200
Company Stage
Series B
Total Funding
$101.2M
Headquarters
New York City, New York
Founded
2010
Runwise is Hiring for 10 Jobs on Simplify!
Find jobs on Simplify and start your career today