AROUND THE NETWORK: Blackhorn Ventures Invests in Specifx Data

BuiltWorlds member Blackhorn Ventures recently announced their latest investment in HVAC asset intelligence software provider Specifx Data, with participation from Powerhouse Ventures, Better Ventures, SaaS Ventures, and Soma Capital.

Buildings, a foundational element of the transition to a lower-carbon future, account for 40% of global energy consumption – yet building asset data is still largely a black box – building management is generally left in the dark on the state of maintenance and the useful life of the systems that use the most energy – and are responsible for the lion’s share of emissions. With Specifx, real estate owners and managers now have an operating system that gives them real-time granular visibility into that black box, and helps them understand what’s driving energy consumption and when they should make efficiency upgrades.

In order to rapidly modernize our heating and cooling systems, improve operational efficiencies and reduce emissions, Specifix is building the central operating system (OS) for HVAC (Heating, Ventilation, Air Conditioning). Leveraging proprietary algorithms and machine learning, the team of industry veterans have built a best-in-class data enrichment platform to optimize the useful life of assets, facilitating optimal replacement strategies for the oldest, most inefficient, and least cost-effective HVAC assets in large real estate portfolios.

Specifx’s operating system provides customers with visibility, context and insights of their entire HVAC portfolio. Their unique capability enables cost-effective lifecycle planning, resulting in enterprise-scale decarbonization and accurate compliance reporting. Ultimately this leads to more durable, cost-effective HVAC systems that provide cleaner heating and cooling at scale – while helping organizations reduce energy and maintenance over-spend.

Specifx is tackling the HVAC industry’s most pervasive and costly problem: a lack of quality data to drive smart decarbonization and investment planning. Specifx directly quantifies the economic and environmental inefficiencies of a given portfolio of assets, as well as provides portfolio scale, asset level strategies to mitigate and eliminate waste (such as overspend, environmental impact, etc.). Data integrity is the foundation of an approach that creates a system of record and layers on tools that capture more of the facilities manager workflow. The Decoder solution democratizes essential HVAC data and enriches traditional CMMS systems that inventory HVAC assets, their Scout product increases the efficiency of traditional facility audits through automation, and the Planner and E-Modeler tools use that data to provide enterprise-scale scenario planning for investment, energy modeling, and decarbonization.

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