About Monaire
Monaire is a Business Services company based in Madison (United States) founded in 2020 by Rahul Subramany and Nish Kanapilly. It operates in the Business Services and Energy & Utilities sectors. Monaire has raised $7.64 million across 3 funding rounds from investors including Construct Capital, Workshop Ventures and Steve Fredette. Its chief executive, as recorded, is Nish Kanapilly. Monaire offers products and services including Monaire AI Platform and Sensors and Thermostats. Its focus areas include Real Estate and Construction Tech, Facility Management Tech, Building Management and Building Energy Management. Its legal entity in India is Monaire India Private Limited (U62013MH2024FTC421858). Its competitors include Swell Energy, Genea and BuildOps; 3 of its 3 listed competitors have raised funding.
Company details
AI-enabled HVAC and refrigeration management solutions. It provides solution to monitor and prevent refrigeration outages, reduce wasted supplies and dangerous food spoilage.
- Headquarters Madison, United States
- Founders Rahul Subramany, Nish Kanapilly
- SectorsBusiness ServicesEnergy & Utilities
- Website monaire.ai
- Social LinkedIn
- Legal Name Monaire India Private Limited
- Date of Incorporation 20 Mar, 2024
- Jurisdiction Mumbai, Maharashtra, India
- Total Equity Funding$7.64M (USD)
in 3 rounds
- InvestorsConstruct Capital
& 2 more
Associated legal entities of Monaire
Monaire operates through Monaire India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Monaire India Private Limited CIN U62013MH2024FTC421858 | Active | 20 Mar 2024 | Mumbai, Maharashtra | 2 | View details |
Products & Services of Monaire
Monaire offers a comprehensive portfolio of products and services, including Monaire AI Platform and Sensors and Thermostats.
AI software for optimizing HVAC and Refrigeration systems
Devices that monitor and control energy use in facilities
Funding Insights of Monaire
Monaire has successfully raised a total of $7.64M across 3 strategic funding rounds. 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 $7.64M
- Total Rounds 3
- First Round $4.14M
(Dec 2023)
- Investors Count 3
All 3 funding rounds of Monaire with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2025 | $4M | Seed | – | Founder Collective,Innospark | – |
| Mar 2024 | $3.5M | Seed | – | Construct Capital | |
| Dec 2023 | $4.14M | Seed | – | – | – |
3 investors in total: 2 institutional and 1 angel.
Investors in Monaire
Monaire has secured backing from 3 investors, including venture fund and angel investors. Prominent investors backing the company include Construct Capital, Workshop Ventures and Steve Fredette.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Construct Capital is focused on investing in foundational industries. | constructcap.com | |||
Workshop Ventures is engaged in building and investing in startups. | workshop.dev | |||
SF Steve Fredette | Co-founder of Toast, active angel investor in tech startups | unknown_217ba0b69d584ec78 |
Investor details for Monaire
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Monaire India Private Limited (Monaire)
Monaire India Private Limited is the primary company behind Monaire. The board of Monaire India Private Limited currently have 2 directors; the longest-serving is Subramany Rahul, appointed in 2024.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Subramany Rahul DIN 10558027 | Non- Individual Subscriber | 20 Mar 2024 | 2 yrs 7 mo | Monaire India Private Limited |
| Kedar Valmik Kekan DIN 09035606 | Director | 20 Mar 2024 | 2 yrs 7 mo | Monaire India Private Limited |
People of Monaire
5 people are tracked at Monaire (4 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Nish Kanapilly | Co-Founder & CEO | Leadership |
| Head Of Engineering | Leadership | |
Nishant Kanapilly | CEO & Co-founder | Leadership |
Mohit Kumar Srivastava | Senior Software Engineer | Team |
Complete people profiles for Monaire
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Monaire
3 dated milestones of Monaire across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Monaire is founded.
- Funding First funding round of $4.1M.
- Funding Latest funding round, Seed,.
Competitors of Monaire
Monaire has 3 listed competitors in our database, 3 of them funded. They include Swell Energy, Genea and BuildOps.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| swellenergy.com | 2014 | Santa Monica, United States | $133.64M | 111 | Reseller and installer of energy storage devices | |
| getgenea.com | 2006 | Irvine, United States | $12.14M | 73 | Submeter billing and overtime HVAC management services are provided. | |
| buildops.com | 2018 | Santa Monica, United States | $225.8M | Software for facility management and commercial contractors is delivered. |
Detailed competitors of Monaire
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Monaire
The website of Monaire (monaire.ai) receives about 2.3K visits a month.
- Monthly visits2.3K
▲ 84.1% vs previous month
Top companies in Facility Management Platforms
3 companies that operate in the same segment as Monaire (Facility Management Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based software is provided for managing outdoor events and activities. | 1999 | Dallas, Texas, United States | USD 313.84 M | 2,458 | ||
Envoy is recognized for providing workplace management solutions. | 2013 | San Francisco, California, United States | USD 170.5 M | 463 | ||
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | 109 |
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Related news about Monaire
Complete news archive for Monaire
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Frequently Asked Questions about Monaire
Monaire was founded in 2020 and raised its 1st funding round 3 years after it was founded.
Monaire is headquartered in Madison, United States. It is registered at Madison, Wisconsin, United States.
Nish Kanapilly is the CEO of Monaire, as recorded in our data. They have also founded this company.
Monaire is a funded company, having raised a total of $7.64M across 3 funding rounds to date. The company's 1st funding round was a Seed of $4.14M, raised on Dec 2023.
AI-enabled HVAC and refrigeration management solutions. It provides solution to monitor and prevent refrigeration outages, reduce wasted supplies and dangerous food spoilage.
Monaire's top competitors include BuildOps, Genea and Swell Energy.
Monaire offers Monaire AI Platform and Sensors and Thermostats.
Monaire has 3 investors. Key investors include Construct Capital, Workshop Ventures, and Steve Fredette.
Monaire operates through Monaire India Private Limited.
The legal entities of Monaire currently have 2 directors, including Subramany Rahul, Kedar Valmik Kekan.