Robot buildings: Rudin launches tech startup to monitor properties’ energy use

Prescriptive Data LLC provides buildings with a "brain"

New York /
Jun.June 20, 2016 08:41 AM

The Rudin family’s new tech startup aims to equip buildings with the brainpower to reduce energy use and costs.

The new company, Prescriptive Data LLC, provides a building with a “brain,” an operating system that can monitor the weather, electricity use, elevator use and recommend ways to reduce energy use, the Wall Street Journal reported. The operating system, dubbed Nantum, was launched by the owners of Rudin Management Company — but is a separate entity —  and is set to be unveiled this week at a conference in San Jose, California.

The company is considering pegging annual fees of 7.5 to 8 cents a square foot, the Journal reported.

Though the startup has considerable competition in the arena of smart building technology, its founders say that no technology has yet adequately connected a buildings’ various systems to save energy. So far, the Rudins have invested $5 million in Prescriptive Data. Its competitors in the smart building tech space include Senseware Inc., Aquicore Inc. and KGS Building LLC.

“A lot of platforms were collecting data and weren’t showing you how to deal with it,” Zach Aarons, co-founder of MetaProp NYC, a seed investment firm, told the newspaper. “So then software companies popped up to help you analyze what’s coming out of your buildings.”

The system is expected to save landlords roughly 50 cents a square foot in energy-related costs. [WSJ] Kathryn Brenzel


Related Articles

arrow_forward_ios
Rudin Management’s Michael Rudin, 32 Sixth Avenue and Cedar CEO Florian Otto (Getty, Google Maps, Cedar)
Health fintech Cedar quadruples HQ at Rudin’s 32 Sixth Ave
Health fintech Cedar quadruples HQ at Rudin’s 32 Sixth Ave
Vice Media CEO Nancy Dubuc, Rudin Management's Bill Rudin and Dock 72 (Getty)
Vice plans move to Rudin’s Dock 72
Vice plans move to Rudin’s Dock 72
Housebound tenants flooded landlord review sites during the pandemic (iStock)
Landlord reviews are gaining steam — here’s who came out on top
Landlord reviews are gaining steam — here’s who came out on top
80 Pine Street and Rudin Management's Bill Rudin
Rudin Management nabs $100M loan for 80 Pine
Rudin Management nabs $100M loan for 80 Pine
From left to right: Gov. Andrew Cuomo, Tony Malkin, Larry Silverstein, Douglas Durst, Steven Roth and Bill Rudin. (Getty)
Vornado, Empire State Realty Trust pledge total carbon neutrality by 2035
Vornado, Empire State Realty Trust pledge total carbon neutrality by 2035
Rudin Management’s Michael Rudin and Industrious’ Justin Stewart with 32 Sixth Avenue in Tribeca (Rudin, Industrious, Google Maps)
Rudin teams up with Industrious for flex-office play
Rudin teams up with Industrious for flex-office play
Rudin Management CEO Bill Rudin and 3 Times Square (Getty, FXCollaborative)
Rudin taps Cushman to market 3 Times Square, plans makeover
Rudin taps Cushman to market 3 Times Square, plans makeover
345 Park Avenue and Blackstone President Jonathan Gray (Google Maps, Twitter)
Blackstone expands Manhattan HQ
Blackstone expands Manhattan HQ
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...