Urecsys

Company Overview

Snapshot

Founded in November 2012 by Nir Bassa and Kobi Richter, Urecsys operates with 11–50 employees. The company has raised a total of $14.5M across 7 funding rounds from 13 investors. In August 2024, Urecsys secured a SAFE funding round with participation from Union Tech Ventures and iAngels.

Business overview

Urecsys provides an automated ventilation and indoor air quality management system designed to enhance health outcomes and reduce energy consumption. The company's patented technology integrates with building management systems to dynamically adjust ventilation based on real-time outdoor air quality, protecting interiors from pollutants. Leveraging artificial intelligence, the platform predicts indoor air quality and optimizes settings to comply with ASHRAE ventilation standards and contribute to sustainability benchmarks like LEED, BREEAM, and WELL certification. Urecsys primarily serves the commercial, residential, and construction sectors, operating within the Industrial Technologies sector with a focus on clean industry tech and green construction.

Strategic signal

In March 2024, Urecsys was highlighted by CTech for its innovative approach to urban air quality. This recognition underscores the company's continued relevance and potential impact in addressing critical environmental health challenges within urban settings, signaling strong market validation for its AI-powered air quality optimization solutions.

Company Intelligence Q&A

What was Urecsys's most recent funding activity?

In August 2024, Urecsys secured a SAFE funding round with participation from Union Tech Ventures and iAngels.

When did Urecsys last raise an equity funding round?

In March 2022, Urecsys raised an equity funding round led by Union Tech Ventures, with iAngels also participating.

What is Urecsys's core technology?

Urecsys utilizes artificial intelligence and machine learning to power its automated ventilation and indoor air quality management system, enabling real-time predictions and dynamic adjustments based on urban pollution levels.

What problem does Urecsys aim to solve?

Urecsys aims to optimize indoor air quality and reduce energy consumption in buildings by protecting interiors from outdoor pollutants and managing operational costs, contributing to regulatory compliance and sustainability goals.

What was a significant grant received by Urecsys?

In January 2019, Urecsys received a grant from the Israel Innovation Authority.