QEA Tech – a Markham-based climate-tech & energy audit startup that combines Drone Inspections with Artificial Intelligence, has announced funding of $1.1 million from Sustainable Development Technology Canada (SDTC).
The announcement comes as part of a series of $44.3 M in strategic investments by SDTC (announced this month by the Honorable François-Philippe Champagne, Minister of Innovation, Science and Industry) in eleven (11) Canadian climate-tech companies – to help accelerate their global growth.
With the help of its five industry partners, QEA Tech will take on projects worth $2.6 million to improve the energy efficiencies of buildings and infrastructure in the already built environment that is an essential component of transitioning into the ‘Low Carbon Society’.
The company’s novel technology of quantifying energy losses through the building envelope helps Building Managers and owners to make reliable, data-driven decisions while prioritizing energy upgrades. Its fast, non-disruptive, comprehensive reporting systems along with sophisticated inspections and 3D model-generation capabilities provide users with a sustainable edge in the industry.
Rectifying the anomalies in the building envelope can help recoup up to 51% of energy loss in the building. The available methods in this industry are either inefficient or capital intensive in pinpointing these energy losses. QEA Tech’s state-of-the-art technology can help stakeholders tackle this issue and embrace a holistic and long-term approach.
“We extend our thanks to SDTC and the Government of Canada for supporting QEA Tech’s mission to help property owners and managers embrace a holistic and data-driven approach to building retrofit projects and reduce their GHG emissions. This funding provides QEA Tech access to a large portfolio of buildings across the country, helping us unlock major data collection opportunities and scale up much faster in Canada and globally.”
-Peyvand Melati, CEO, QEA Tech.
About QEA Tech
QEA Tech is an industry expert in energy audits that uses highly customized and proprietary technology to assist commercial and residential building managers and owners in running sustainable and efficient operations and maximizing their buildings’ life expectancy. Using drones equipped with IR cameras, QEA Tech collects reliable data about energy losses due to building envelope failures, and using their patented software, QEA Tech uses AI to quantify losses for further analysis of return on investment. The audit’s most vital aspect is the precision and technology used to provide customers with a wholesome data-driven energy loss assessment. You can then make an informed decision on the next steps in repairing and maintaining your assets.
Sustainable Development Technology Canada (SDTC) helps Canadian companies develop and deploy competitive, clean technology solutions, to help solve some of the world’s most pressing environmental challenges. As an independent federal foundation and flagship program, SDTC’s funding of Canadian entrepreneurs has created jobs, growth, and long-term prosperity for Canada. Their initiatives throughout Canada are helping upcoming and existing organizations to interoperate horizontally and deliver better efficiencies.