Retroficiency launches existing building analysis tool, raises $800K

March 16, 2011 |
Jeff Yoders

Boston-based Energy Analysis company Retroficiency has raised $800,000 in a funding round led by Nasdaq-listed energy management firm World Energy Solutions. The web-based service’s efficiency identification and qualification (EIQ) system was launched last week, the same time as the announcement of its funding round.

The Retroficiency system analyzes thousands of potential energy efficiency projects in minutes and gives users energy optimization options from tens of thousands of completed energy audits and a proprietary database of energy efficiency measures. Retroficiency says its service can infer probable electricity use and suggest potential efficiency upgrades, such as different types of lighting, based on information from their proprietary database.

Unlike many energy analysis products available on the market, Retroficiency’s services are aimed at existing buildings and target customers include facility management firms, large commercial property owners, and others looking to assess energy efficiency across a wide portfolio of properties. Jones Lang LaSalle is already signed up as a client.

Some of the angel investors included in the round of funding are Jean Hammond and Jill Preotle, who were both early investors in car-sharing service ZipCar.

Jeff Yoders | Building Team Blog

For five years Jeff Yoders covered IT, CAD, and BIM as Senior Associate Editor of Building Design + Construction. He's a chair at-large of the Associated General Contractors of America's BIM Forum and speaks regularly to audiences about how to transition to digital workflows. Jeff has won four American Society of Business Publications Editors awards.

Related Blogs

Lissette Méndez-Boyer (left) and Natalya Shimanovskaya work on their FABRICation project at Beyer Blinder Belle’s New York office. Photo courtesy BBB

September 06, 2016 | AEC Tech | Building Team Blog

AEC firms are taking a page from the tech industry, by infusing a deep commitment to innovation and disrupt...

Intel Co-founders (l. to r.): Andrew Grove, Robert Noyce, and Gordon Moore. Photo: Wikimedia Commons   

June 27, 2016 | AEC Tech | Building Team Blog

“Sooner or later, something fundamental in your business world will change.” The late Andrew Grove (1936-20...

Photo: Mass Communications Specialist 1st Class Corey Lewis , U.S. Navy, via Wikimedia Commons; photo filter via

May 31, 2016 | AEC Tech | Building Team Blog

As buildings become increasingly connected, opportunistic hackers have countless avenues into a building’s...

Lexus RX 450h self-driving car. Photo: Wikimedia Commons

May 09, 2016 | AEC Tech | Building Team Blog

Despite popular belief, the country is not in a great age of technological and digital innovation, at least...

Deep Learning + AI: How machines are becoming master problem solvers

The world’s top Go player Lee Sedol puts the first stone against Google’s artificial intelligence program AlphaGo during the third match of the Google DeepMind Challenge match in Seoul, South Korea. Photo: Reuters/Google/Yonhap

March 31, 2016 | AEC Tech | Building Team Blog

Besides revolutionary changes to the world’s workforce, artificial intelligence could have a profound impac...

Yotel, New York City. Photo: JasonParis, flickr creative commons

March 09, 2016 | Hotel Facilities | Building Team BlogRobert Cassidy, Executive Editor

Hotels are going for a new minimalist look to attract younger guests, but some older business travelers don...

Is the booming freelance economy a threat to AEC firms?

Photo: Pixabay

February 24, 2016 | Architects | Building Team Blog

By shifting the work (and revenue) to freelancers, “platform capitalism” startups have taken considerable m...

How the Fourth Industrial Revolution will alter the globe’s workforce

Photo: Pixabay

January 26, 2016 | BIM and Information Technology | Building Team Blog

The next great technological metamorphosis will be unlike anything humankind has experienced before, due to...

Potential vs. credential: How men and women differ in career progress

Courtesy Pixabay

January 05, 2016 | Architects | Building Team BlogDavid Barista, Editorial Director

Recent research suggests that women face yet another career impediment: the confidence gap.

Meet the world’s next great construction superpower

Photo: Wili Hybrid via Wikimedia Commons 

December 23, 2015 | Industry Research | Building Team Blog

There’s a new world construction hotbed coming down the pike (more specifically, the Mumbai Nashik Expressw...

Add new comment

Your Information
Your Comment

Filtered HTML

  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <blockquote> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Refresh Type the characters you see in this picture. Type the characters you see in the picture; if you can't read them, submit the form and a new image will be generated. Not case sensitive.  Switch to audio verification.
Overlay Init