Noda is a data and analytics company specializing in energy management solutions for the commercial built environment, headquartered in Washington, DC, with operations in the US, UK, and Europe.[3][4][5][6] It builds an AI-powered platform that aggregates building data from sources like meters, sensors, and BMS systems to optimize energy use, reduce costs, and cut carbon emissions, serving real estate owners, operators, and managers facing sustainability and efficiency challenges.[5][6] The platform enables data integration, performance tracking, anomaly detection, and automated operations like demand management and chiller optimization, positioning Noda as an essential toolkit for intelligent, autonomous buildings.[5]
With 51-200 employees and recent recognition as a top 10 tech company for climate action, Noda demonstrates strong growth momentum through global expansion, new leadership hires, and a focus on scaling AI-driven decarbonization tools amid rising regulatory and market demands.[4][6]
Noda emerged from expertise in the commercial real estate sector, with founders including CEO Kate and Frank Rhys, who drives partnerships, leveraging deep industry knowledge to address siloed data challenges in building operations.[4] The company has evolved its branding and mission to unify solutions under "Noda," inspired by interconnected data nodes, reflecting a shift toward holistic AI analytics and automation for smarter buildings.[6] Key pivotal moments include expanding from US headquarters to London and Europe, streamlining customer teams for better service, and reaffirming its vision as the go-to toolkit for optimizing modern buildings, with recent executive hires strengthening leadership for global scale.[6]
Noda rides the wave of building decarbonization and AI automation in commercial real estate, where mandates, labor shortages, and net-zero targets demand intelligent systems that turn static assets into responsive ecosystems.[6] Timing is ideal amid escalating energy costs, ESG pressures, and tech advancements in IoT/AI, with market forces like regulatory pushes (e.g., EU/UK sustainability rules) favoring scalable platforms that cut peak demand and carbon at portfolio scale.[5][6] By influencing the ecosystem through partnerships, data standards, and top climate tech rankings, Noda accelerates the shift to efficient buildings, contributing to global sustainability while optimizing a sector responsible for ~40% of energy use.[3][6]
Noda is primed to dominate energy management in commercial real estate, with 2025 plans centering on scaling AI solutions for broader adoption amid surging demand for net-zero tools.[6] Trends like AI automation, edge computing in BMS, and policy-driven retrofits will propel growth, potentially expanding into new verticals like industrial facilities. Its influence may evolve from optimizer to ecosystem orchestrator, partnering with proptech giants—ultimately redefining buildings as key levers for climate action, fulfilling its mission of better buildings for a better world.[6]
Noda has raised $119.0M in total across 3 funding rounds.
Noda's investors include A/O PropTech, BoxOne Ventures, EQT Ventures, FinTech Collective, Fusion Fund, Heartcore Capital, ICONIQ Capital, Merck Global Health Innovation Fund, Northzone, The Venture Collective (TVC), Stanley Ventures.
Noda has raised $119.0M across 3 funding rounds. Most recently, it raised $13.0M Series B in April 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2024 | $13.0M Series B | A/O PropTech, BoxOne Ventures, EQT Ventures, FinTech Collective, Fusion Fund, Heartcore Capital, ICONIQ Capital, Merck Global Health Innovation Fund, Northzone, The Venture Collective (TVC) | |
| Apr 1, 2023 | $90.0M Series B | EQT Ventures, FinTech Collective, Heartcore Capital, ICONIQ Capital, Northzone, Stanley Ventures | |
| Nov 1, 2020 | $16.0M Series A | EQT Ventures, FinTech Collective, Heartcore Capital, ICONIQ Capital, Northzone |
