EnergyX
AI-powered solutions for energy-efficient building architecture.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | KRW20.0b | Series B | |
| Total Funding | 000k | ||
EnergyX is a South Korean company specializing in sustainable architecture and energy efficiency for buildings. Founded in February 2019 by co-CEOs Sean Sunghyun Park and Tom Doo Hwa Hong, the company provides end-to-end solutions for creating zero-energy buildings (ZEB).
Sean Park, who handles management and operations, has a background as a tech-focused venture capital investor in Silicon Valley and Seoul and was a hedge fund investor at Perry Capital. Tom Hong, who leads the service and technology aspects, was previously an artificial intelligence and machine learning engineer at Samsung Electronics, where he co-developed the Bixby AI project. Park's entrepreneurial journey started at the University of Wisconsin-Madison, shaping his global perspective which he applies to EnergyX's mission.
The company's business model centers on its AI-driven platform that integrates every stage of a building's lifecycle, from design and construction to operation and maintenance. It offers comprehensive technologies for energy production, conservation, and management. Key technologies include Building-Integrated Photovoltaics (BIPV) for energy generation, advanced Heating, Ventilation, and Air Conditioning (HVAC) systems for conservation, and Building Energy Management Systems (BEMS) for efficient management. EnergyX serves clients such as building owners, construction companies, architects, and large corporations like Hyundai, Naver, and Lotte looking to retrofit their buildings.
EnergyX has developed online platforms, including "DesignWhos," to foster a sustainable architecture ecosystem. Since its inception, the company has managed numerous projects and has successfully raised significant funding, including a Series B round of $20.3 million in early 2023, reaching a valuation of $120 million. The company is expanding internationally, with plans to establish an R&D center in Qatar to serve the GCC region.
Keywords: sustainable architecture, zero-energy building, ZEB, energy efficiency, AI platform, building energy management, BIPV, green remodeling, construction technology, cleantech, proptech, ESG solutions, RE100, energy conservation, smart buildings, renewable energy, construction platform, energy optimization, building-integrated photovoltaics, sustainable construction