November 25, 2022
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.