Algeno
Algeno provides AI-based heating control for properties, aiming to reduce energy consumption, lower heating costs, and ensure a stable and predictable indoor climate. Their AI service is built on advanced mathematical research and control engineering, offering data-driven, automated, and individually adapted control at the building level. The company was founded by researchers from Fraunhofer-Chalmers Centre with expertise in mathematical modeling, optimization, and artificial intelligence. Algeno's solution integrates with existing building data and external factors like weather forecasts to optimize heating systems. They serve property owners with large portfolios, helping them achieve energy efficiency, reduce their carbon footprint, and improve tenant comfort. The business model appears to be SaaS, with solutions adaptable to various stages of digitalization.
Algeno
Algeno provides AI-based heating control for properties, aiming to reduce energy consumption, lower heating costs, and ensure a stable and predictable indoor climate. Their AI service is built on advanced mathematical research and control engineering, offering data-driven, automated, and individually adapted control at the building level. The company was founded by researchers from Fraunhofer-Chalmers Centre with expertise in mathematical modeling, optimization, and artificial intelligence. Algeno's solution integrates with existing building data and external factors like weather forecasts to optimize heating systems. They serve property owners with large portfolios, helping them achieve energy efficiency, reduce their carbon footprint, and improve tenant comfort. The business model appears to be SaaS, with solutions adaptable to various stages of digitalization.
TL;DR
Product: Cloud AI + model-predictive-control service for heating optimization
Customers / Scale (reported): Over 2,500 buildings connected; control in over 40,000 apartments
Founders: Emil Gustavsson; Mats Jirstrand; Magnus Önnheim
Lead investor (reported): Chalmers Ventures
Company size (reported): ~9 employees
Company Overview
Problem Domain
Building energy management and heating system control for residential and portfolio-scale properties.
Founded
2023
Industry
PropTech / Built-environment energy optimization
Tech Stack
Funding Track Record
100000.00 USD
Investor Signal
“Chalmers Ventures portfolio company”