
AltoTech
AIoT platform optimizing energy for commercial buildings.
Date | Investors | Amount | Round |
---|---|---|---|
investor | €0.0 | round | |
N/A | N/A | Seed | |
Total Funding | 000k |
AltoTech is a technology company based in Bangkok, Thailand, that develops energy management solutions to help buildings and various properties reduce energy consumption and move towards a net-zero economy. Founded by Dr. Warodom Khamphanchai, the company leverages Artificial Intelligence (AI) and the Internet of Things (IoT) to optimize energy usage, particularly from HVAC systems, which can account for up to 60% of a building's energy use.
The company's core product is Alto CERO, a platform that uses a "Self-Driving" algorithm to automatically control systems like air conditioning, lighting, and pumps. This system works by creating a digital twin of the building and training an AI model to predict and manage energy consumption efficiently based on real-time data, including weather conditions, occupancy, and building operations. This approach can lead to energy savings of up to 30%. AltoTech also offers solutions for multi-property management and sustainability certification processes.
AltoTech's business model is based on a shared savings concept, where the company takes a percentage of the money saved on electricity bills. It also offers clients the option to buy, subscribe, or use financing for its services. The company serves a diverse range of clients, including hotels, factories, hospitals, retail stores, and commercial buildings. Initially focused on Thailand, AltoTech is expanding its operations across the Asia-Pacific region, with a presence in Hong Kong and Singapore.
Keywords: energy management, building automation, AIoT, smart buildings, HVAC optimization, sustainability, net-zero solutions, energy efficiency, decarbonization, IoT platform, self-driving algorithm, digital twin, energy savings, cleantech, property technology, carbon footprint reduction, facility management, green building, smart city technology, energy-as-a-service