Victoria-based startup Audette has the ambitious goal of creating a carbon-transition plan for every building on the planet. By securing $12.8 million CAD in a recent seed round led by Chicago-based Buoyant Ventures, Audette is one step closer to achieving its goal. The funding will be used to launch the company’s artificial intelligence technology across 150 North American cities over the next two years, including 40 Canadian cities.
Globally, building infrastructure and operations make up over 40% of CO2 emissions. Founder and Chief Executive Officer Christopher Naismith launched Audette in 2020 to tackle this issue and create the intelligence needed for institutions, including large property owners and managers, to develop decarbonization strategies for their assets. Today, Audette’s platform offers sophisticated artificial intelligence which analyzes building data to identify all possible emissions-reduction opportunities.
Including the $1 million CAD Audette raised in 2021 to build its proof of concept, the startup has now raised a total of $13.8 million CAD. In addition to expanding across more cities, Audette plans to use a portion of the new funding to hire approximately 40 employees over the next 12 months and invest in its sales and marketing efforts.
OpenAI has signed a seven-year, US$38 billion cloud agreement with Amazon Web Services (“AWS”), gaining access to hundreds of thousands of Nvidia GPUs to train and run future models. This shift comes…
In late October, Apple Inc. (“Apple”) became only the third company in history to reach a market capitalization of US$4 trillion, joining Nvidia Corporation (“Nvidia”) and Microsoft Corporation, which…
Halifax-based medical device company ABK Biomedical, Inc. (“ABK Biomedical”) has raised US$35M in Series D financing to support the commercialization of its innovative liver cancer treatment.Founded…
In early October, Toronto-based 1Password, a platform that helps individuals and businesses securely manage digital identities, announced a new partnership and completed a major secondary sale…
Provision Software Corporation (“Provision”), a Toronto-based AI technology company, is developing tools that empower pre-construction professionals to work more efficiently and profitably…
Cybrid Technology Inc. (“Cybrid”), a Toronto-based fintech startup, has secured a US$10-million Series A funding round to help financial institutions and companies integrate its stablecoin payment…
