AI for PropTech
Runwise logo

Runwise

Runwise runs building heating, cooling, water, and gas systems autonomously, pairing a wireless sensor network with machine learning and forward-looking weather forecasts to operate equipment more efficiently than manual or timer-based controls.

Best for: Owners and operators of multifamily and commercial buildings who want to cut heating, cooling, and water costs through automated, sensor-driven system control.

Last reviewed 6/2/26

Category: Maintenance & Operations Building energy and systems optimization
Tags: energy-managementiot-sensorsheating-coolingpredictive-controlsdecarbonizationmultifamily
Property types
Multifamily, Commercial
Geography served
United States
AI

How Runwise uses AI[1][3]

Runwise runs building heating, cooling, water, and gas systems autonomously, pairing a wireless sensor network with machine learning and forward-looking weather forecasts to operate equipment more efficiently than manual or timer-based controls.

  • Combines future weather algorithms with a wireless temperature sensor network feeding a central control system that decides when and how hard to run boilers and other equipment
  • Machine learning models tune building system operation in real time to cut fuel use
  • Detects critical failures such as equipment shutdowns, scalding water, and return-line leaks within seconds
  • Vendor reports an average 21 to 25 percent reduction in heating and fuel consumption across thousands of buildings
  • Vendor reports over $100 million in customer energy savings to date across 10,000-plus buildings

AI type: Predictive analytics and machine learning (IoT sensor control)

API: unknown MCP: unknown

Key numbers[2][4]

  • Vendor reports an average 21 to 25 percent reduction in heating and fuel consumption across its building base
  • over $100 million in collective customer energy savings to date
  • deployed across more than 10,000 buildings nationwide
  • FirstService Residential reported up to 30 percent energy savings across 150-plus buildings.

Credibility[2][4]

Founders & team
Founded in 2010 by Jeff Carleton (CEO), Lee Hoffman (President), and Michael Cook (Chief Growth Officer).
Customers
1,000-plus customers including Related, Equity Residential, FirstService Residential, the MTA, Port Authority, National Grid, Rudin, LeFrak, UDR, Douglas Elliman, and Akam, across more than 10,000 buildings.
Investors
Raised $79M total, including a $55M Series B in 2025 led by Menlo Ventures, with MassMutual Ventures, Nuveen Real Estate, Multiplier Capital, Munich Re Ventures, Soma Capital, Alumni Ventures, Helium-3, Cooley, and Fifth Wall.

Founded

2010

Headquarters

New York City, USA

Stage

Series B

Employees

51-200

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