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.
A new iOS app called Sniff is taking a different approach to social networking by connecting dog owners within the same neighbourhood. Rather than encouraging users to build broad online communities…
The fully autonomous ridesharing service, Waymo, is looking to add a new ridesharing option for Torontonians with self-driving vehicles. Waymo is a driverless taxi service where users can hail an…
Four years after Canada shut Huawei out of its 5G networks, one of its former subsidiaries is hoping for a second chance in the Canadian market. Honor Device Co., a Chinese consumer electronics…
Quantum computers have long been promised to reshape the leading edge of computing technology, facilitating machines capable of completing operations unthinkably time-intensive for classical computers…
Another day, another wearable technology product is hitting the market, but this one arrives with the weight of Google behind it and a price designed to undercut the competition.Back in January…
The Canadian federal government recently introduced the Safe Social Media Act in Parliament. If the bill is successful, Canadian children under the age of 16 will no longer be able to have accounts on…
