Monaire

Monaire

Private
Somerville, MassachusettsEnergy & Sustainabilityhttps://monaire.ai

Last Round

Seed

Mar 20, 2024

Total Funding Raised

$3.5M

Momentum Score

50 /100

Company Overview

Monaire is a technology company that provides an AI-powered predictive maintenance and energy management platform for HVAC and Refrigeration (HVAC/R) systems in small commercial buildings under 50,000 sq.ft. The company's mission is to accelerate the world's transition to sustainable heating and cooling. Using a network of wireless sensors and proprietary AI software, Monaire's platform monitors HVAC/R systems to detect and diagnose issues, prevent energy waste, and automatically dispatch technicians to address problems before they cause system failure. This service aims to reduce operating costs, prevent downtime and food waste, and lower carbon emissions for businesses like gas stations and restaurants. The company was founded in 2022 by Nishant Kanapilly and Rahul Subramany and is headquartered in the Boston area.

Sector

Energy & Sustainability

Verticals

Smart Buildings, Facility Management, Energy Management, Vertical SaaS

Business Model

B2B

Customer Profile

Hardware + Subscription, Subscription SaaS, Services & Consulting

AI Layer

Application

Keywords

predictive maintenanceenergy managementHVAC maintenanceHVAC AIHVAC/R monitoringremote facilities managementIoT sensorsrefrigeration maintenanceenergy efficiencyautomated dispatchsmart buildingssmart controllersbuilding automationequipment retrofittingclimate techhardware subscriptionPropTech

Historical Pricing

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Caplight Momentum Score

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Monaire Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Monaire Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
SeedMar 20, 2024

Key People

Founding team and executive leadership

Nishant Kanapilly

CEO Co-Founder

Founding Team

Monaire Investors

Notable investors and investment history

Market signals

Structured signals derived from secondary market and firmographic data.

  • Oct 25, 2025

    Added Taco Bell as a customer.

Monaire Filings

SEC and related filings with document metadata.

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Monaire Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Monaire's valuation, stock price, and market status.

Firmographic Details

HeadquartersSomerville, Massachusetts
Employee Range22
Year Founded2022
Last FundingMar 20, 2024

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