About PassiveLogic
PassiveLogic is a company based in Salt Lake City (United States) founded in 2016 by Jeremy Fillingim and Troy Harvey.. PassiveLogic has raised $154 million across 9 funding rounds from investors including Johnson Controls, Prologis and DOE. PassiveLogic offers products and services including Hive, Quantum, Building Studio, and Sense Nano. PassiveLogic operates in a competitive market with competitors including OpenSpace, CINTOO, StructionSite, Bentley Systems and LocusView, among others.
- Headquarter Salt Lake City, United States
- Founders Jeremy Fillingim, Troy Harvey
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Sectors
Real Estate & ConstructionTechnology
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Phone
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Website
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Social
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- Legal Name Passivelogic, 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
$154 M (USD)
in 9 rounds
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Latest Funding Round
$74 M (USD), Series C
Sep 16, 2025
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Investors
Johnson Controls
& 14 more
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Employee Count
Employee Count
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Products & Services of PassiveLogic
PassiveLogic offers a comprehensive portfolio of products and services, including Hive, Quantum, Building Studio, and Sense Nano. 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.
Full-stack system for building lifecycle automation and optimization
Enables real-time AI-driven design and control for buildings
Generates custom autonomous systems via digital twins
Provides breakthrough building sensor for monitoring and analysis
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Funding Insights of PassiveLogic
PassiveLogic has successfully raised a total of $154M across 9 strategic funding rounds. The most recent funding activity was a Series C round of $74 million completed in September 2025. 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 9
- Last Round Series C — $74.0M
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First Round
First Round
(09 Apr 2018)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2025 | Amount | Series C - PassiveLogic | Valuation | Noa | |
| Sep, 2022 | Amount | Series B - PassiveLogic | Valuation |
investors |
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| Jun, 2022 | Amount | Grant - PassiveLogic | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 PassiveLogic
PassiveLogic has secured backing from 15 investors, including venture fund and institutional investors. Prominent investors backing the company include Johnson Controls, Prologis and DOE. 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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Venture capital firm focused on deep tech, fintech, and AI companies
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Founded Year | Domain | Location | |
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Focus is placed on real estate and renewable energy investments.
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Founded Year | Domain | Location | |
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Investments are made in early and growth-stage technology startups.
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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 PassiveLogic
| 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 |
Financial Statements - PassiveLogic
| 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 |
Passivelogic Comparisons
Competitors of PassiveLogic
PassiveLogic 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 OpenSpace, CINTOO, StructionSite, Bentley Systems and LocusView, 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 |
Construction sites are monitored via AI-powered SaaS technology.
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| domain | founded_year | HQ Location |
SaaS-driven digital twins for construction project management are provided.
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| domain | founded_year | HQ Location |
SaaS platform for construction site photo documentation is provided.
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| domain | founded_year | HQ Location |
Cloud-based design software for infrastructure construction is provided.
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| domain | founded_year | HQ Location |
Navigation-based workforce management solutions for construction are provided.
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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 Passivelogic
Frequently Asked Questions about PassiveLogic
When was PassiveLogic founded?
PassiveLogic was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is PassiveLogic located?
PassiveLogic is headquartered in Salt Lake City, United States. It is registered at Salt Lake City, Utah, United States.
Who is the current CEO of PassiveLogic?
Troy Harvey is the current CEO of PassiveLogic. They have also founded this company.
Is PassiveLogic a funded company?
PassiveLogic is a funded company, having raised a total of $154M across 9 funding rounds to date. The company's 1st funding round was a Grant of $1.2M, raised on Apr 09, 2018.
What does PassiveLogic do?
PassiveLogic was founded in 2016 in Salt Lake City, United States. Digital-twin technology is utilized by the company to deliver solutions for construction projects. An autonomous platform is offered to handle the full building lifecycle, encompassing design, construction, operation, maintenance, and management processes. Operations focus on the construction and real estate sectors, with tools developed for efficiency in project oversight across various geographies.
Who are the top competitors of PassiveLogic?
What products or services does PassiveLogic offer?
PassiveLogic offers Hive, Quantum, Building Studio, and Sense Nano.
Who are PassiveLogic's investors?
PassiveLogic has 15 investors. Key investors include Johnson Controls, Prologis, DOE, Brookfield Asset Management, and nVentures.
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