Overview

Virtual Facility specializes in building intelligence and workflow automation software for institutional facilities like hospitals, universities, and corporate campuses. Their platform helps these large-scale buildings manage complex operational challenges by streamlining the workflow related to alarms, maintenance tasks, and overall operational health. The software uses data-driven insights to prioritize and resolve alarm events, which helps reduce unnecessary alarms and address critical issues quickly. This proactive approach keeps all stakeholders informed in real-time and lowers operational costs. Virtual Facility operates on a software as a service (SaaS) model, where clients subscribe to access the platform's tools, enhancing productivity and efficiency. The company's goal is to empower facilities to understand and control their operational costs through intelligent automation and data-driven decision-making.

Simplify's Take

What believers are saying

• Integration with IoT devices enhances predictive maintenance and efficiency.
• AI-driven energy management optimizes consumption and reduces costs.
• Remote monitoring aligns with the trend towards flexible, scalable facility management.

What critics are saying

• Integration challenges with TMA Systems could disrupt service.
• Acquisition may shift company culture, causing internal friction.
• Dependence on large clients makes Virtual Facility vulnerable to budget cuts.

What makes Virtual Facility unique

• Virtual Facility offers ML-powered building intelligence for operational efficiency.
• The platform centralizes alarm events for real-time operational health monitoring.
• Virtual Facility's SaaS model provides scalable, automated tools for facility management.

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Funding

Total Funding

$9M

Above

Industry Average

Funded Over

1 Rounds

$9,000,000

Seed

Jun 2022

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.

Seed Funding Comparison

Above Average

Industry standards

Ind Avg. $3.3M

$500k

$1.5M

$2M

$2.3M

$3M

$9M