PassiveLogic Raises $74 Million Series C to Accelerate Autonomous Building Revolution

Salt Lake City, Utah — September 16, 2025

PassiveLogic, the generative autonomy pioneer redefining building and infrastructure automation, has closed a $74 million Series C round led by noa (London), Europe’s largest built-world VC.

New investors include Prologis Ventures (San Francisco), Johnson Controls (Glendale, WI), and PSP Growth (Chicago), joining existing backers Addition (New York), NVentures (NVIDIA’s venture arm in Santa Clara, CA), Keyframe (New York), and Brookfield (Toronto). This raise brings PassiveLogic’s total funding to more than $125 million.

Founded and headquartered in Salt Lake City, Utah, PassiveLogic has become one of the state’s most ambitious deep-tech companies, building a category-defining platform that extends generative AI beyond large language models into the physical world. Its Hive platform allows buildings—from hospitals and data centers to office towers—to operate with real-time, autonomous intelligence.

The company’s growing ecosystem includes Hive (a real-time physics-based digital twin and control engine), Sense Nano (a wireless sensor network capturing occupancy and environmental data), and Quantum Lens (a mobile app that lets users generate a fully defined digital twin of any building with just a smartphone).

“Buildings account for almost 40 percent of global carbon emissions, yet most are still controlled by outdated systems designed in the 1990s,” said Troy Harvey, co-founder and CEO of PassiveLogic. “With this funding, we’re accelerating the deployment of true autonomy for the built world, enabling systems that are not just more energy efficient, but fundamentally smarter, safer, and more responsive across every aspect of operations.”

“As an early investor, we’ve seen PassiveLogic’s potential to redefine automation for the physical world,” said Gregory Dewerpe, Founder and Managing Partner at noa, based in London. “Their platform isn’t just about saving energy, it’s about giving buildings the ability to understand, adapt, and act autonomously. This is the kind of foundational technology the built world has been missing.”

PassiveLogic projects the global Autonomous Buildings market to reach $1.3 trillion, outpacing traditional automation ($191 billion by 2030). By merging AI with infrastructure, the company not only aims to reduce emissions but also solidifies Utah’s reputation as a hub for next-generation automation and AI innovation.

For more information, visit www.passivelogic.com or watch highlight reel below: