Runwise Secures $55 Million to Expand Smart Building Technology, Acknowledged by CNBC Coverage

New York, NY – Runwise, a leading smart operating system for buildings, recently secured $55 million in a Series B financing round, a significant development highlighted by CNBC’s Senior Real Estate and Climate Correspondent Diana Olick. Lee Hoffman, Co-Founder and President of Runwise, acknowledged the coverage, stating in a tweet, > "Thanks @DianaOlick for the “hot” coverage of @wearerunwise on @CNBC." This funding and media attention underscore the company's growing influence in transforming building infrastructure.

Runwise specializes in IoT-based heating and cooling control systems, utilizing a proprietary wireless sensor network and a cloud-based software platform. This technology enables real-time monitoring and management of building systems, leading to substantial reductions in energy consumption and operational costs. The company's platform is designed for rapid deployment, often installed in less than a day, and aims to make buildings more efficient, comfortable, and environmentally friendly.

The $55 million financing round was led by Menlo Ventures, with additional participation from investors including MassMutual Ventures, Nuveen Real Estate, Multiplier Capital, and Munich Re Ventures. The capital is earmarked for accelerating product innovation, expanding the team, and entering new core markets across the U.S. and globally. This investment reflects strong investor confidence in Runwise's unique approach to modernizing outdated building systems.

To date, Runwise's technology is installed in over 10,000 buildings across the U.S., serving more than 1,000 customers, including major real estate operators like Related and Equity Residential. The company claims to have collectively saved its customers over $100 million in energy costs, preventing carbon emissions equivalent to taking more than 100,000 cars off the road. This impact positions Runwise as a key player in the climate tech sector.

Diana Olick, known for her in-depth reporting on real estate and climate-related issues, has extensively covered the intersection of technology and the built environment for CNBC. Her focus on innovative solutions for energy efficiency and sustainability aligns with Runwise's mission. The recent coverage on CNBC further elevates the profile of Runwise and the broader smart building technology market.