About Building Engines
Building Engines is a company based in Waltham (United States) founded in 2000 was acquired by JLL in October 2021.. Building Engines has raised $39.22 million across 2 funding rounds from investors including JLL, Real Data Management and Wavecrest Growth Partners. Building Engines has completed 5 acquisitions, including AwareManager, LogCheck and Ravti. Building Engines offers products and services including Prism Platform, Hank, and Prism Mobile. Building Engines operates in a competitive market with competitors including MRI Software, AppFolio, Johnson Controls, Landis+Gyr and Span.IO, among others.
- Headquarter Waltham, United States
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Sectors
Business ServicesReal Estate & Construction
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Phone
*********
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Website
*********
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Social
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- Legal Name Building Engines, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$39.22 M (USD)
in 2 rounds
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Latest Funding Round
$12.7 M (USD), Series B
Oct 15, 2019
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Investors
JLL
& 7 more
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Employee Count
Employee Count
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Investments & Acquisitions
AwareManager
& 4 more
- Acquired by
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Products & Services of Building Engines
Building Engines offers a comprehensive portfolio of products and services, including Prism Platform, Hank, and Prism Mobile. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for handling building operations and maintenance efficiently.
AI tool that reduces energy costs and improves building efficiency.
App empowering engineers and tenants for on-the-go management.
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Leadership Team
248 people
Software Development Team
141 people
Finance and Accounting
39 people
Operations Team
37 people
Sales and Marketing
30 people
Senior Team
24 people
Head Team
18 people
Product Management Team
17 people
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Funding Insights of Building Engines
Building Engines has successfully raised a total of $39.22M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $12.7 million completed in October 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $12.7M
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First Round
First Round
(30 Sep 2016)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2019 | Amount | Series B - Building Engines | Valuation | Wavecrest Growth Partners | |
| Sep, 2016 | Amount | Series B - Building Engines | Valuation | Wavecrest Growth Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Building Engines
Building Engines has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include JLL, Real Data Management and Wavecrest Growth Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Wavecrest Growth Partners is engaged in providing growth capital and expertise.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Corporate-backed venture capital fund
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Building Engines
Building Engines has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include AwareManager, LogCheck and Ravti. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Proposal requests are managed via an AI-driven online platform.
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2017 | ||||
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SaaS-driven building maintenance solution for facility managers
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2012 | ||||
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SaaS-driven platform to manage HVAC projects in commercial buildings
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Building Engines
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Building Engines Comparisons
Competitors of Building Engines
Building Engines operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MRI Software, AppFolio, Johnson Controls, Landis+Gyr and Span.IO, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Property management software is provided for residential and commercial properties.
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| domain | founded_year | HQ Location |
SaaS-driven property management software for owners and residential property managers
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| domain | founded_year | HQ Location |
Automotive batteries and HVAC equipment are manufactured and supplied globally.
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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| domain | founded_year | HQ Location |
Smart panels for home energy management are provided by Span.IO.
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| domain | founded_year | HQ Location |
Provider of solutions for energy monitoring for residential building
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Building Engines
Frequently Asked Questions about Building Engines
When was Building Engines founded?
Building Engines was founded in 2000 and raised its 1st funding round 16 years after it was founded.
Where is Building Engines located?
Building Engines is headquartered in Waltham, United States. It is registered at Waltham, Massachusetts, United States.
Who is the current CEO of Building Engines?
Tim Curran is the current CEO of Building Engines.
Is Building Engines a funded company?
Building Engines is a funded company, having raised a total of $39.22M across 2 funding rounds to date. The company's 1st funding round was a Series B of $26.52M, raised on Sep 30, 2016.
What does Building Engines do?
SaaS-driven building energy management solution for the CRE industry. Provides real estate and facility operations management solutions, a tenant management system that enables owners and managers to capture, communicate, assign and report every aspect of operational performance and tenant experience. The company serves commercial real estate companies, real estate managers, private real estate investment trusts, and more.
Who are the top competitors of Building Engines?
Building Engines's top competitors include Landis+Gyr, AppFolio and Span.IO.
What products or services does Building Engines offer?
Building Engines offers Prism Platform, Hank, and Prism Mobile.
How many acquisitions has Building Engines made?
Building Engines has made 5 acquisitions, including AwareManager, LogCheck, and Ravti.
Who are Building Engines's investors?
Building Engines has 8 investors. Key investors include JLL, Real Data Management, Wavecrest Growth Partners, River Cities Capital, and MassMutual Ventures.
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