Lamarr.AI
Overview
Lamarr.AI is an innovative technology company focused on using drones, thermal imaging, and artificial intelligence (AI) to provide automated solutions for building diagnostics and retrofitting. Established in 2021, the company was born out of collaborative research efforts at the Massachusetts Institute of Technology (MIT), Georgia Tech, and Syracuse University. The startup, which is headquartered in Atlanta, Georgia, was co-founded by Dr. Tarek Rakha, Dr. Norhan Bayomi, John E. Fernández, and Dr. Senem Velipasalar. As of October 2024, Lamarr.AI successfully raised $1.1 million in pre-seed funding to advance its technology and scale operations.
Recent Developments
- October 2024: Lamarr.AI secured $1.1 million in pre-seed funding, backed by Hazelview Ventures, milemark•capital, Newlab, Georgia Tech's Venture Fund, and MIT's SBXi Fund. This financial boost aims to help Lamarr.AI productize and scale its cutting-edge tools designed to eliminate carbon emissions and reduce building maintenance and ownership costs.
- The startup has been leveraging drones, thermal imaging, and AI to detect building defects autonomously. This method helps property owners address issues before they escalate into costly projects, thus promoting financially sustainable practices in the real estate sector.
- Roger Poirier, Co-Founder of Hazelview Ventures, expressed excitement over leading Lamarr.AI's first pre-seed funding round, highlighting the significant impact of Lamarr.AI's inspection service on Hazelview’s real estate operations.
- Mid 2024: Lamarr.AI was spotlighted for its innovative approach using aerial robotics to enhance building envelope diagnostics, further validated by joining the U.S. General Services Administration (GSA)'s Green Proving Ground Program. This initiative involves evaluating Lamarr.AI’s automated diagnostic technology to assess building performance, aiming to propose cost-effective retrofits that enhance energy efficiency.
- February 2024: The Lamarr Institute's collaboration with Lamarr.AI demonstrated cutting-edge AI research developments, emphasizing the integration of industry and academia to drive progress in AI-driven solutions.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2021 |
| Headquarters | Atlanta, Georgia, USA |
| Founders | Dr. Tarek Rakha, Dr. Norhan Bayomi, John E. Fernández, Dr. Senem Velipasalar |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Hazelview Ventures, milemark•capital, Newlab, Georgia Tech's Venture Fund, MIT SBXi Fund |
| Industry | Building diagnostics, PropTech |
| Number of Employees | 2-10 (as per recent company profile) |
Early History
Lamarr.AI was conceptualized through six years of research funded by the U.S. Department of Energy (DOE) across MIT, Georgia Tech, and Syracuse University. Inspired by actress and inventor Hedy Lamarr, the company embodies a spirit of innovation, aiming to revolutionize the way building diagnostics are performed using AI. Prior to its official launch in 2021, the core team was involved in research projects focusing on energy-efficient building technologies. The foundational innovation revolves around the integration of drones and AI to autonomously capture and process thermal imaging data, a capability crucial for precise building envelope health assessments.
Company Profile and Achievements
Lamarr.AI operates on a business model that capitalizes on providing affordable, accurate, and expedited building diagnostics services using autonomous technology. Their primary products—such as Lamarr Detect, Diagnose, and Audit—utilize AI to offer real-time insights into building health by identifying defects that could lead to significant energy losses.
Significant Achievements
- Technological Innovation: Developed a platform that automates the collection and analysis of thermal data to diagnose building envelope issues. Using drone technology, post-inspection reports are generated to recommend solutions that can optimize energy use.
- Funding Milestones: Secured $1.1 million in early-stage funding to support further development and market expansion.
- Impact and Collaborations: Collaborated on projects to reduce over $1 million in facility management costs through early defect detection and helped shape retrofit strategies based on energy modeling outcomes.
Current Operations and Market Position
Lamarr.AI is actively expanding its technological suite to enhance building diagnostics and retrofitting processes. The company markets itself as a pioneer in PropTech, leveraging AI to disrupt traditional methodologies in building inspection. Their focus remains on scaling implementation across North America, particularly enhancing techniques to improve carbon reduction and cost-efficiency in real estate management.
Conclusion
Lamarr.AI represents a significant advancement in the building diagnostics industry, applying AI and advanced technologies to address sustainability and efficiency. As the demand for environmentally responsible real estate grows, Lamarr.AI is poised to be a leader in providing data-driven solutions that enhance building performance and reduce operational costs. Their unique amalgamation of drones, thermal imaging, and AI positions them to shape the future of diagnostics in the construction and facilities management sectors.