Monaire Raises $3.5M Seed Funding

Monaire, a Boston, MA-based startup that uses AI to curb waste and emissions from small commercial buildings, raised $3.5M in Seed funding.

The round was led by Construct Capital with participation from Workshop Ventures, as well as strategic individual investments from Steve Fredette, and Tom Kuo.

The company intends to use the funds to continue developing its proprietary sensors and AI technology, as well as expanding into additional markets across the United States.

Founded in 2022 by Nishant Kanapilly and Rahul Subramany, Monaire provides commercial building owners with predictive HVAC and Refrigeration (HVAC/R) maintenance & energy management solutions. The company uses AI to detect and diagnose problems with a building’s existing HVAC/R system and automatically dispatches vetted technicians to address issues. Using a network of wireless sensors, the software continually monitors performance in a building’s HVAC/R systems, automatically preventing energy waste, and detecting problems. When issues are detected, Monaire immediately diagnoses the problem and automatically dispatches an available technician to make repairs.