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Retroficiency is a technology company.
Retroficiency develops a Building Efficiency Intelligence platform, a sophisticated software solution designed to analyze and optimize energy consumption within commercial buildings. The platform utilizes advanced analytics to remotely assess a building's energy footprint, identifying inefficiencies and quantifying potential savings without the need for traditional, often costly, on-site audits. This enables a data-driven approach to prioritizing and implementing energy efficiency upgrades.
The company was founded in 2009 by Bennett Fisher, who served as CEO, and Bryan Long, the Chief Technology Officer. Their founding insight stemmed from recognizing the significant barriers to scaling energy efficiency improvements, particularly the lack of efficient tools to accurately pinpoint where and how savings could be achieved across large portfolios of buildings. They aimed to bridge this gap with a scalable software-based solution.
Energy service providers constitute Retroficiency’s primary customer base, leveraging the platform to enhance their offerings and better serve their own clients. The company’s long-term vision centers on transforming how building energy efficiency is approached, fostering widespread adoption of energy-saving measures by providing the intelligence needed for precise, impactful interventions across the built environment.
Retroficiency has raised $7.8M across 2 funding rounds.
Retroficiency has raised $7.8M in total across 2 funding rounds.
Retroficiency has raised $7.8M in total across 2 funding rounds.
Retroficiency's investors include Zaid Ahmad Ashai, World Energy Solutions, Jean Hammond, Jill Preotle.
Retroficiency is a technology company that develops advanced energy analytics software aimed at improving commercial building energy efficiency. Its flagship product, the Building Efficiency Intelligence (BEI) platform, enables utilities and energy service providers to quickly and cost-effectively identify high-potential buildings for energy savings and evaluate thousands of efficiency measures remotely. By leveraging big data, including energy consumption, building characteristics, and weather, Retroficiency creates detailed thermodynamic models to provide actionable insights and recommendations tailored to each building’s unique energy use patterns. This automation replaces traditional, costly, and time-consuming manual audits, allowing for scalable analysis of hundreds of thousands of buildings in minutes[1][2][3].
Retroficiency primarily serves utilities and energy service providers, helping them prioritize energy efficiency investments and track savings over time. The platform addresses inefficiencies such as unnecessary lighting, thermostat mismanagement, and outdated HVAC equipment, enabling targeted interventions that reduce energy waste and costs. Retroficiency has gained traction with some of the largest utilities worldwide and has evolved its product suite to cover the full efficiency lifecycle—from assessment to project conversion and ongoing verification[1][2][3].
Founded in 2009, Retroficiency emerged from a need to streamline and scale energy audits for commercial buildings, which traditionally required manual, on-site inspections that were slow and expensive. The founders, leveraging expertise in data analytics and building science, developed software that could automate these audits using existing consumption data combined with publicly available building information. Early milestones included launching the Automated Energy Audit product in 2011 and the Virtual Energy Assessment (VEA) software in 2012, which later merged into the BEI platform. This evolution marked a shift toward a comprehensive, cloud-based solution that utilities could deploy at scale to meet increasing regulatory and customer demands for energy efficiency[1][2][3][5].
Retroficiency rides the growing trend of digital transformation in energy management and sustainability, driven by regulatory pressure, rising energy costs, and corporate commitments to reduce carbon footprints. The timing is critical as utilities seek scalable, data-driven solutions to meet energy efficiency mandates and customer expectations without incurring prohibitive costs. By automating audits and enabling portfolio-wide energy optimization, Retroficiency contributes to smarter, greener cities and supports the broader shift toward decarbonization and smart grid technologies. Its influence extends to accelerating the adoption of energy efficiency measures, reducing waste, and promoting sustainability in the built environment[1][3][5].
Looking ahead, Retroficiency is well-positioned to expand its impact as energy efficiency becomes a central pillar of climate action and utility business models. Trends such as increased smart meter deployment, advanced data analytics, and integration with IoT devices will likely enhance the granularity and effectiveness of its platform. The company may also evolve toward offering predictive maintenance and real-time energy management solutions. As regulatory frameworks tighten and sustainability goals intensify globally, Retroficiency’s ability to deliver scalable, actionable energy insights will remain a critical asset for utilities and energy service providers aiming to optimize energy use and reduce emissions. This trajectory ties back to its founding vision of transforming energy audits from a slow, manual process into a fast, data-driven service that drives meaningful efficiency gains[1][2][3][5].
Retroficiency has raised $7.8M across 2 funding rounds. Most recently, it raised $7.0M Series A in November 2011.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Nov 1, 2011 | $7.0M Series A | Zaid Ahmad Ashai | |
| Mar 9, 2011 | $800K Seed | World Energy Solutions | Jean Hammond, Jill Preotle |