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About Runwise
Industries
Data & Analytics
Hardware
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 provides a wireless heating control platform for buildings, combining a sensor network, wireless actuators, and software that together optimize heating systems. It monitors temperature and system status in real time, sends alerts, and allows property managers to adjust and automate heating to improve efficiency. Operators access the platform via a subscription, paying for ongoing software use and potentially earning utility rebates tied to energy improvements. Compared with competitors, Runwise differentiates itself by its seamless compatibility with any centrally heated building, real-time monitoring and alerts, and 24/7 live human support, all aimed at delivering noticeable cost savings and reduced environmental impact. The company's goal is to lower energy bills, increase occupant comfort, and reduce carbon emissions across residential, commercial, and industrial properties.
Simplify's Take
What believers are saying
- Deployed in 10,000+ buildings saving $100M in energy costs.
- $55M Series B from Menlo Ventures funds nationwide expansion.
- Five-month payback targets mid-sized multifamily buildings effectively.
What critics are saying
- BrainBox AI captures multifamily share with no-hardware HVAC in 12-24 months.
- Keenan software erodes subscriptions via BMS integrations in 6-12 months.
- NY Local Law 97 fines force client switch to all-electric by January 2026.
What makes Runwise unique
- Runwise deploys wireless sensors replacing wired thermostats for one-day installs.
- AI platform uses predictive weather algorithms optimizing heating and cooling.
- Provides real-time alerts and 24/7 human support for proactive management.
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Funding
Total Funding
$101.2M
Above
Industry Average
Funded Over
5 Rounds
Menlo VenturesIndustry 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
↑ 4%1 year growth
↑ 5%2 year growth
↑ 1%Runwise, a New York-based real estate tech company, has secured $55 million in a Series B funding round led by Menlo Ventures, bringing total funding to $79 million. The company aims to revolutionize building energy efficiency with its AI-powered cooling platform, which uses predictive weather algorithms and wireless sensors to optimize energy usage. Currently deployed in over 10,000 buildings, Runwise reports energy cost savings exceeding $100 million. The new funds will support nationwide expansion and AI integration.
MassMutual Ventures' Climate Technology Fund has invested in Runwise's Series B, led by Menlo Ventures. This investment targets climate solutions in the built environment, a sector responsible for over 25% of US energy use and emissions. Runwise offers a wireless, retrofit-friendly building automation platform with a five-month payback, addressing the needs of mid-sized and multifamily buildings, unlike traditional BMS or consumer-grade tools.
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 raises $55M to scale the smart operating system for buildings.
Runwise is Hiring for 7 Jobs on Simplify!
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About Runwise
Industries
Data & Analytics
Hardware
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 7 Jobs on Simplify!
Find jobs on Simplify and start your career today