The company says in a statement that it is developing an advanced building management and maintenance software platform that uses artificial intelligence (AI) to help building owners and operators prevent equipment failures, eliminate waste and operate more efficiently.
Site 1001 plans to work with the city and technology leaders in the region to demonstrate how an AI-based building operations platform can enhance initiatives designed to make established city infrastructure “smart.”
“The number of smart projects in and around the Raleigh area is very exciting,” said Site 1001 CEO Cleve Adams. “The region hosts a unique collaboration between private, public, and academic resources that is rapidly making it a leader in the development of the interconnected technologies defining the foundation of smarter, more efficient communities around the globe. Site 1001 is looking forward to helping Raleigh not only become a smart city, but a model for other smart cities as well.”
Analysts estimate nearly half of all energy and water consumption, waste products and carbon emissions within a city comes from its buildings. Site 1001 says its technology is designed to provide building managers highly detailed operational and maintenance information about all of their building’s components — from major heating and cooling systems down to minor plumbing fixtures like drinking fountains and faucets — so they can they can troubleshoot problems quickly, reduce waste and improve a building’s efficiency from top to bottom.
“Site 1001 is exactly the type of company we want in Raleigh,” Derrick Minor, Raleigh’s innovation and entrepreneurship manager, said in the statement. “Raleigh is becoming an environment rich with high tech, entrepreneurial companies that not only build a cool and futuristic place to live, but create new jobs and improve the local economy. I know Site 1001 is the perfect fit to help get us to the Raleigh of tomorrow.”
Site 1001 is also partnering with regional networks of academics and businesses working to accelerate the area’s economy including NC RIoT, HQ Raleigh, and the Research Triangle Cleantech Cluster.
The company plans to have its innovation center and interactive demonstrations of its smart building technologies available to the public in October of 2017.
To boost its engineering, research and sales efforts, Site 1001 recently raised $6 million. The investment round was led by JE Dunn Construction and included participation from other Kansas City firms, including Flyover Capital, Tifec, Ward Ventures and the KC Rise fund, Site 1001 said in a release.
Kansas-city-based Startland reports that Site 1001 has quickly grown to 30 staffers since its founding in 2016, and features an executive team with decades of experience in technology, engineering, marketing and sales. The company has three offices, with headquarters in Kansas City, a west coast branch in San Clemente, California, and a research and development office in Bend, Oregon.