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

Prescriptive Data LLC provides buildings with a "brain"

TRD 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
“5 years ago, people would say, what’s a TikTok?” Bill Rudin on why NYC’s office market may be more resilient than you think

“5 years ago, people would say, what’s a TikTok?” Bill Rudin on why NYC’s office market may be more resilient than you think

“5 years ago, people would say, what’s a TikTok?” Bill Rudin on why NYC’s office market may be more resilient than you think
Rudin Management's Bill Rudin and 55 Broad Street (Credit: Getty Images and Google Maps)

Charter school inks lease for FiDi office

Charter school inks lease for FiDi office
WeWork's co-CEO Sebastian Gunningham speaks at the launch of Dock 72

What, We Worry? Execs remain confident in WeWork-anchored Brooklyn project

What, We Worry? Execs remain confident in WeWork-anchored Brooklyn project
Bill Rudin and One Whitehall Street and 110 Wall Street

Rudins planning for family estate with rare building sales

Rudins planning for family estate with rare building sales
Rudin Management's Bill Rudin and Michael Rudin with 110 Wall Street (Credit: Getty Images and Google Maps)

Rudin Management’s 110 Wall, home to WeLive, comes to market

Rudin Management’s 110 Wall, home to WeLive, comes to market
Intelligent design: “Business is booming” for smart buildings

Intelligent design: “Business is booming” for smart buildings

Intelligent design: “Business is booming” for smart buildings
Rudin Management heiress is calling it quits on NYC with $12M listing

Rudin Management heiress is calling it quits on NYC with $12M listing

Rudin Management heiress is calling it quits on NYC with $12M listing
Rudin Management closes $550M refi at 345 Park Avenue

Rudin Management closes $550M refi at
345 Park Avenue

Rudin Management closes $550M refi at
345 Park Avenue
arrow_forward_ios

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

Loading...