Virtual Facility

Building intelligence and workflow automation software

New York City, New York, United States

About Virtual Facility

Virtual Facility provides software that helps large buildings like hospitals and universities manage their operations more efficiently. Their platform automates tasks related to alarms and maintenance, allowing facilities to respond to issues quickly and reduce unnecessary alarms. This software uses data to help prioritize and resolve alarm events, which can lower operational costs and improve overall management. Unlike other companies in the facility management space, Virtual Facility focuses specifically on institutional facilities and offers a subscription-based service that scales with the size of the facility. The main goal of Virtual Facility is to help these institutions understand and control their operational costs through intelligent automation and real-time monitoring.

New York City, New YorkHeadquarters
2018Year Founded
$8.8MTotal Funding
SEEDCompany Stage
Industrial & Manufacturing, Enterprise SoftwareIndustries
11-50Employees

Risks

Increased competition from startups could erode Virtual Facility's market share.
Stricter data privacy regulations may impact Virtual Facility's operational flexibility.
Economic downturns could reduce budgets for facility management solutions.

Differentiation

Virtual Facility offers ML-powered building intelligence for operational cost reduction.
The platform provides real-time engineering and operations management support for large facilities.
Virtual Facility's SaaS model allows scalable and flexible solutions for institutional clients.

Upsides

Rising demand for energy-efficient solutions aligns with Virtual Facility's cost-reduction focus.
Integration of IoT devices enhances predictive capabilities of Virtual Facility's platform.
Growing adoption of cloud-based solutions supports Virtual Facility's scalable SaaS model.

Funding

Total raised$8.75 M
Latest valuation$45.00 M
StageSEED