AI automation company Bisly secures €4.3M to broaden its European operations in the building sector
Bisly, an Estonian startup specialising in AI-powered smart building automation, has secured €4.3 million in funding to scale its platform, particularly in Germany, the UK, and Poland. The funding round was led by 2C Ventures, with participation from existing investors including Aconterra, Pinorena, the founders of Foxway, and SmartCap - Estonia's state-backed VC fund.
The platform aims to address the challenge of energy inefficiency in buildings, which collectively consume around 40% of the EU’s energy and are 75% energy inefficient. Bisly's integrated hardware and software solution offers a cloud-based, AI-driven system with digital twin technology to optimise energy use and indoor environments in both new and existing buildings. This integration reduces installation and operational costs by up to 50% compared to traditional building management systems.
The potential impact is significant. Bisly claims the carbon emissions reductions their technology enables cost up to six times less per tonne of CO2 saved compared to electrifying transport, implying a more immediate and cost-effective path to emissions reduction within the building sector. This is crucial as energy savings in buildings can yield faster and cheaper emissions cuts than other sectors.
Bisly has already established partnerships across Europe with major developers and facility managers, indicating growing adoption. The startup aims to triple its revenue again in 2025, with expansion efforts focused on retrofit solutions to unlock potential across older building stock that makes up the majority of energy-inefficient properties in Europe.
The funding will support Bisly's expansion in the DACH region, the UK, and the opening of a new office in Poland. Bisly already operates offices in Tallinn, London, and Berlin, and is expanding its engineering team to launch a wireless product line for retrofitting existing buildings. The startup is also expanding its team with technical and sales hires in key markets.
The demand for building automation is growing due to economic pressures and tightening regulations. Bisly's cloud-based platform simplifies sales, installation, and setup, cutting costs by up to 50% compared to conventional systems. Key features of Bisly's platform include centralised configuration, digital-twin building diagnostics, AI-powered BMS, and reporting tools for developers and property managers.
In summary, Bisly's AI-powered smart building automation platform is positioned for rapid growth in Europe owing to a large and underserved market of energy-inefficient buildings, a competitive, scalable cloud and AI-based approach, demonstrable cost-effective CO2 emission reduction potential, strategic expansion plans targeting key European markets, and rising regulatory and economic pressures for sustainability in the built environment. This positions Bisly as a promising player with high potential impact on energy efficiency and emissions reduction in Europe’s building sector and beyond.
[1] European Commission, "Buildings and Energy Efficiency," https://ec.europa.eu/info/business-economy-euro/energy/strategies-plans-actions/energy-union/buildings-and-energy-efficiency_en
[2] European Commission, "Building Renovation Wave," https://ec.europa.eu/info/strategy/priorities-2019-2024/europe-green-deal/buildings-and-renovation-wave_en
[3] European Commission, "NextGenerationEU," https://ec.europa.eu/info/strategy/priorities-2019-2024/europe-green-deal/nextgenerationeu_en
[4] Bisly, "About Us," https://bisly.ai/about-us/
- The integration of artificial intelligence and digital twin technology in Bisly's platform, a specialized solution for energy-efficient building automation, aligns with the European Commission's focus on building energy efficiency. [European Commission]
- In the wake of growing climate-change concerns and tightening regulations, Bisly's AI-powered platform, offering centralized configuration, digital-twin building diagnostics, and AI-powered BMS, addresses the economic pressures and the need for sustainability in the built environment. [European Commission, Bisly]
- By investing in Bisly, stakeholders can take part in the environmental-science industry's drive for innovation and resource efficiency, partnering with a company that strives to reduce carbon emissions cost-effectively in the building sector. [finance, investing, environmental-science]
- With the success of Bisly's platform, there is potential for the real-estate industry to benefit from energy savings that lead to faster and cheaper emissions cuts, contributing positively to the efforts against climate change. [Bisly, real-estate, climate-change]
- As Bisly expands into the DACH region, the UK, and Poland, the startup not only scales its technological solution in the field of industry (building automation) but also fuels the growth of artificial intelligence applications in climate-change mitigation through energy efficiency improvements. [Bisly, technology, industry, climate-change, energy]
