Viboo wins CHF 150,000 to reduce building energy consumption

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21.07.2022
The viboo founders: Felix Bünning (CEO) Benjamin Huber (CTO) and Matthias Sulzer (CFO)

This winter, viboo plans to launch its Predictive Control as a Service (PCaas) solution for manufacturers of building energy system components. The startup has obtained fresh funds after winning the Venture Kick final, which will help accelerate its time-to-market.

Founded as a spinoff of the Swiss Federal Laboratories for Materials Science and Technology (Empa) viboo was co-founded by Felix Bünning (CEO) Benjamin Huber (CTO) and Matthias Sulzer (CFO) who are dedicated to making energy consumption in buildings efficient. Buildings are responsible for a third of the world’s energy consumption and CO2 emissions. While building refurbishments are expensive, building control systems can be easily upgraded and their operation optimized at significantly lower costs. Operating a building energy system using Self-Learning Predictive Control— state-of-the-art for climate control in buildings— saves significant amounts of energy while increasing thermal comfort.

viboo is currently the only company providing easily scalable PCaaS to manufacturers of building energy system components. The first platform release will feature a unique self-learning predictive control for smart thermostats allowing to reduce the energy consumption of heating and cooling systems in buildings by 20 to 40% while improving users' comfort. viboo’s technology is based on a combination of physics-informed machine learning and mathematical optimization. Due to its flexibility, the technology allows for easy demand-side management (DSM) integration.

Worldwide, the energy used for heating and cooling buildings will increase from 26.6 petawatt hours in 2020 to 39 petawatt hours in 2050. With energy savings of 20-40%, the savings potential is CHF 560 million and CHF 740 million per year for residential and commercial buildings in Switzerland, respectively. Moreover, the rising share of renewable and intermittent electricity generation requires approaches such as DSM in the building domain.

The Venture Kick funds will enable viboo and its team to make haste with their development as they near the market launch of their PCaaS platform this winter.

"Venture Kick was a very valuable experience for us as a deep tech spin-off. Coming from research, we initially had a rather tech-centric view of our product and company. Venture Kick helped us reshape our pitches and sharpen our value proposition. I can only recommend it to any start-up," said Felix Bünning, CEO of viboo.

(Press release/RAN)
Photo: The viboo founders: Felix Bünning (CEO) Benjamin Huber (CTO) and Matthias Sulzer (CFO) 

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