Runwise

Runwise

Real Estate

New York, NY 4,256 followers

A smarter way to run your building.

About us

Runwise is the first end-to-end boiler and heating system management platform. The company combines a proprietary heat computer and sensor network, machine learning systems, and a team of trained boiler experts, to reduce fuel consumption by an average of 20-25% across 6,000 buildings around New York City. Runwise's customers include some of the smallest owners, all the way up to the biggest, including The Related Companies, Lemle & Wolff, Bettina Equities, Winn Residential and the Lefrak Organization. Runwise's platform is the only end-to-end boiler monitoring and management system that saves owners money, increases tenant comfort, and radically lowers carbon output across New York City.

Website
http://runwise.com
Industry
Real Estate
Company size
51-200 employees
Headquarters
New York, NY
Type
Privately Held
Founded
2010
Specialties
Local Law 87, Local Law 84, and Boiler Management

Locations

Employees at Runwise

Updates

  • View organization page for Runwise, graphic

    4,256 followers

    One of the more effective ways to reduce excess water usage is to track and analyze your water bills. The challenge is, most people don't do this because it requires a lot of time and tedious, manual effort. And that is exactly why we built a tool to help do all this for you completely for free. We've been doing this for our customers in thousands of buildings and now we're opening this up for public use (starting in New York City first). Go to www.runwise.com/waterbills and we'll run the analysis for you every single day to show where you can reduce water usage - for free!

    View profile for Lee Hoffman, graphic

    Co-Founder & President at Runwise - Helping make 6,000+ buildings cut energy costs, carbon output, and hassles. Formerly Co-Founder & CEO at Veri / Memoir (Acquired 2017, The Knot)

    Did you know if you analyze your water bills in a very specific way, you will save on average 10%? Unfortunately, this can be really complex and time consuming. Which is why our team built a free tool to do it for you. If you want to skip to trying the tool (it’s free), go to the link in the comments below. Otherwise watch below!

  • View organization page for Runwise, graphic

    4,256 followers

    If there's one lesson to learn from all of this, it's that reducing carbon emissions (the only way to save the planet) doesn't have to be something that's painful and hard. In fact, it's quite the opposite. If you make products that people actually really want, and improve their lives, they will buy and use that product. The more people that buy and use the product, the more carbon emissions you reduce.

    View profile for Lee Hoffman, graphic

    Co-Founder & President at Runwise - Helping make 6,000+ buildings cut energy costs, carbon output, and hassles. Formerly Co-Founder & CEO at Veri / Memoir (Acquired 2017, The Knot)

    One of the largest forces of carbon emission reduction in this country didnt even exist a decade ago. It's crazy to think, but the concept of “smart building controls” was literally just an idea drawn on a napkin ten years ago. Today they are installed in 7,500 buildings. And they’re one of the largest reducers of GHG emissions in the country. The story of how this all happened is both fascinating and totally unexpected. And it starts with trash bags.

  • View organization page for Runwise, graphic

    4,256 followers

    We're proud to be sponsoring this competition! Register today 👇

    View profile for Ryan Elazari, graphic

    Senior Director, Head of Innovation | Adjunct Faculty at Zicklin School of Business | Property Technology Entrepreneur | NAIOP NYC President | Co-host of CRE Unplugged Podcast

    Register today for the 2nd Annual NAIOP NYC PropTech Competition, happening on May 30th at Brooklyn Law School from 6-9 PM. Join us as we witness the battle among the best and brightest Pre-Seed and Seed startups in the real estate tech sector. Secure your spot now: https://lnkd.in/eyfhye75 🏆 Get ready for this incredible lineup of judges evaluating the competition: Michael Rudin, Executive Vice President, Rudin Management Company Nikki Greenberg, Founder and Chief Innovation Officer, Real Future of Real Estate Heather Widman, Partner, Building Ventures Brad Hargreaves, Founder and Editor & Chief, Thesis Driven Guy Vardi, Chief Innovation Officer, Silverstein Properties David Reiss, Professor of Law, Brooklyn Law School 🎤 The talented Emcees for the evening will be yours truly and Nadine Ezzie, Founder and President of Nadine Ezzie & Co. The Co-Hosts of the CRE Unplugged podcast will guide you through an unforgettable experience. Stick around after the competition for networking and refreshments. We can't wait to see you there! Thank you to our Sponsors: Runwise Montgomery Technologies LLC & our Strategic Partners: BIG-NYC Building Intelligence Group WSS Associates

    Second Annual NAIOP NYC PropTech Competition

    Second Annual NAIOP NYC PropTech Competition

    eventbrite.com

  • Runwise reposted this

    View profile for Lee Hoffman, graphic

    Co-Founder & President at Runwise - Helping make 6,000+ buildings cut energy costs, carbon output, and hassles. Formerly Co-Founder & CEO at Veri / Memoir (Acquired 2017, The Knot)

    There are millions of dollars available to your building (for free) from your local utility company, and you almost certainly haven’t claimed most of it. Today we’re launching a free tool to help immediately find and claim all the utility $$$ for your building. If you want to skip ahead, there is a link to the free tool in the comments. To understand why these rebates exist, most cities in this country have set very aggressive carbon reduction goals. For example, New York City has an ambitious goal of reducing carbon emissions by 80% by the year 2050.   Cities have many different tools to help them hit these goals, but one of the biggest is mandating that the local utilities create an energy efficiency fund to help reduce carbon emissions in that city. The local utility has to actually prove that those dollars were spent effectively to reduce carbon emissions. And what they found is that buildings are generally the best place to reduce the most amount of carbon at the lowest possible price. The challenge is there are so many rebates available from so many utilities. The good news is we've spent the last three months combing through all this data so we could build a tool to help you find all the free money available for your building. The form (linked in the comments) takes less than three minutes to fill out and if there's money available, we'll put together a report within 48 hours to show you everything that you can claim for your building right now. Even better, if there's a rebate available for smart controls, we'll actually do all the work to help you claim it. Incentives from utilities are a gentle way for cities to guide buildings to energy efficiency, and I'm really happy that we're now able to make it as easy as possible to find all that money in one single place.

  • View organization page for Runwise, graphic

    4,256 followers

    If your buildings are in New York City, this is by far the fastest cheapest and easiest way to get your building to local law 97 compliance

    View profile for Lee Hoffman, graphic

    Co-Founder & President at Runwise - Helping make 6,000+ buildings cut energy costs, carbon output, and hassles. Formerly Co-Founder & CEO at Veri / Memoir (Acquired 2017, The Knot)

    2035 local law 97 carbon compliance doesn’t have to cost tens of millions of dollars. For most buildings there is a vastly faster, easier and more cost effective way. If your building starts implementing these five measures today.

  • View organization page for Runwise, graphic

    4,256 followers

    The Flatiron Building, an iconic 100+ year old building is making history again.

    View profile for Lee Hoffman, graphic

    Co-Founder & President at Runwise - Helping make 6,000+ buildings cut energy costs, carbon output, and hassles. Formerly Co-Founder & CEO at Veri / Memoir (Acquired 2017, The Knot)

    Did you know NYC’s Flatiron Building is not only iconic for its architecture, but also its technology?! Here’s the story of how one of the world’s most recognizable buildings - which also just so happens to be a Runwise building - has changed the landscape of cities - multiple times. And is about to do it again RIGHT NOW. When architect Daniel Burnham was commissioned to design the Flatiron Building in 1901, he quickly realized there was a major, perhaps insurmountable, issue.   The building was to be constructed at the intersection of Broadway, Fifth Avenue, and 23rd Street, an area known as the "Flatiron" due to its triangular plot, mimicking the shape of a clothes iron.   At its narrowest point the building would only be 6 feet wide, yet had to also be a staggering 285 feet tall.   The narrowness of the plot meant that traditional building methods and materials wouldn't work, especially given the ambition to make it one of the tallest buildings of its era.   Fortunately two radical new innovations in construction were about to intersect at that exact moment.   The first was the use of steel frame construction. This method involved erecting a grid of steel that would support both the weight of the structure and the forces exerted upon it by wind and gravity. This was particularly important due to its proposed height and exposure to strong winds funneled down the avenues. The second was technological advancement in concrete technology. Concrete was used for the floors, which were supported by the steel framework, creating a fireproof structure, an important consideration following several large urban fires in the late 19th century. The successful construction of the Flatiron Building using these materials and methods marked a pivotal moment in architectural history. It demonstrated the viability of steel-skeleton concrete construction, which enabled buildings to reach unprecedented heights. This technique became a fundamental part of the design of skyscrapers and led to the proliferation of high-rise buildings in cities around the world, effectively changing the urban landscape forever. Fast forward to today, the Brodsky Organization, the current owners of the Flatiron building, announced they are converting the building into residential condos. At the same time, the 125+ year old building will be quietly transforming itself into one of the greenest buildings in the country by implementing a number of energy efficiency measures including smart controls with wireless sensors. There are many thousands of century-old office buildings stretching across the US. And, just like the Flatiron, they were not initially designed for the environmental standards or use cases of today. The Flatiron Building has shown, with the ingenuity and the right technology, we can preserve historical architecture, reduce carbon output, create new homes, AND cut the cost of living in the cities we love.

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  • View organization page for Runwise, graphic

    4,256 followers

    Why are regular buildings being targeted with carbon reduction laws??

    View profile for Lee Hoffman, graphic

    Co-Founder & President at Runwise - Helping make 6,000+ buildings cut energy costs, carbon output, and hassles. Formerly Co-Founder & CEO at Veri / Memoir (Acquired 2017, The Knot)

    Ever notice there seems to be endless carbon legislation targeting buildings, and none targeting cars? When most people think “carbon”, they think fossil fuels and cars. Or giant polluting factories. So why does the government keep going after buildings?! The answer is because buildings NOT CARS are the largest contributor to carbon emissions. AND the easiest sources to reduce carbon emissions from. Here’s why:

  • View organization page for Runwise, graphic

    4,256 followers

    What is a VFD and why should you care?

    View profile for Lee Hoffman, graphic

    Co-Founder & President at Runwise - Helping make 6,000+ buildings cut energy costs, carbon output, and hassles. Formerly Co-Founder & CEO at Veri / Memoir (Acquired 2017, The Knot)

    VFDs are about to radically change the carbon profile of millions of buildings the United States. What is a VFD? A VFD is a variable frequency drive. It's a lot of complex words, but boiled down, what it really is is a variable speed motor. And to understand why they are going to transform buildings across the country, you really have to go back to the beginning. Specifically the 1890s and a man named Nikola Tesla.

  • Runwise reposted this

    View profile for Lee Hoffman, graphic

    Co-Founder & President at Runwise - Helping make 6,000+ buildings cut energy costs, carbon output, and hassles. Formerly Co-Founder & CEO at Veri / Memoir (Acquired 2017, The Knot)

    I noticed the other day in our data that condos and co-ops are installing smart controls at an exponential pace. It was a bit surprising to me, because typically they’re slower to adopt technology. So I decided to ask them directly why smart controls are such a priority RIGHT NOW.  What they had to say surprised me.

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Funding

Runwise 4 total rounds

Last Round

Series A

US$ 19.0M

See more info on crunchbase