BuildingAssets
Setting the Scene
Commercial and multifamily real estate buildings miss out on millions of dollars in value each year.
That’s because many of these buildings are full of hidden value from energy rebates to upgrade incentives, but most of it goes unclaimed.
The reason? The data needed to capture that value is buried across spreadsheets, portals, and inboxes.
This week’s company deploys AI agents, specific to each building, that uncover and claim that value.
In a Sentence
BuildingAssets.ai is a platform that deploys AI agents into a building’s tech stack to surface hidden savings and take action to capture them.
AI Agents: Software that plugs into existing systems like utility portals, document folders, and property tools.
Savings: Includes unclaimed energy rebates, overdue tax appeals, missed energy audits, and upgrade incentives that lower operating costs.
Capture Them: Agents track deadlines, prepare forms, escalate decisions, and follow through until the opportunity is claimed.
Bulleted Version:
- Similar to how TurboTax helps you claim deductions, or how Expensify recovers reimbursable expenses, BuildingAssets.ai helps buildings claim the money they’re leaving on the table.
The Basics
- Headquarters: Oakville, Ontario, Canada
- Employee Count: 4 full-time, 3 fractional
- Business model: Annual recurring revenue (per building) + referral fees from trusted service partners
- Early traction: 55 buildings live, $160K+ in ARR and referral revenue, 440+ buildings in active pipeline discussions
Due Diligence
WHAT WE LIKE
Market Opportunity: With over 5.9M commercial buildings and 5.2M multi-family residential buildings, a 1% market capture with a $250 monthly subscription would yield a 300M+ ARR.
Layering the Tech Stack: The product sits on top of existing tools like property management systems, utility portals, and shared drives, with no need to replace what's already in use.
High ROI: Even a single captured rebate, tax appeal, or missed audit can cover months of subscription cost, making ROI clear and fast for customers.
POTENTIAL RISKS
Adoption Risk: Customers may default to legacy mental models and misunderstand the product as another dashboard or workflow tracker.
Integration Reliance: Performance depends on access to third-party systems and data sources, which may be inconsistent or siloed.
Incumbent Platform Risk: Established platforms with data and distribution advantages could add execution-style features and compete directly.
Founder Profile
Scott Wilson, CEO: Former Managing Partner at Hummingbird Energy, where he led growth, partnerships, and market expansion.
Rohit Challa, COO: Former Director at Savormetrics, with deep expertise in AI commercialization and deployment.
Comps
BrainBox AI: AI-driven energy optimization platform primarily focused on HVAC efficiency and emissions reduction.
Yardi: Dominant property management and accounting platform serving large portfolios; primarily a record keeping system as opposed to an autonomous agent.
RealPage: Enterprise real estate software suite covering leasing, revenue management, and operations; primarily focused on automating repetitive operations compared to surfacing and saving wasted value.
Building Engines: Established building operations platform acquired by JLL, strong system-of-record capabilities, primarily focused on visibility and tracking rather than acting on incentives and follow-through.
Why BuildingAssets
By turning overlooked tasks into captured dollars, BuildingAssets.ai helps property managers build lasting value.
