BuildingAssets 🏢

Making Buildings Do the Work

January 27, 2026

Opening Remarks

This week, I’ve been thinking about how much weight founders put on “Tier I, Tier II, Tier III” VC labels.

I have a lot of respect for firms often called Tier I. Many have backed incredible companies and built generational portfolios. But here’s the truth: I’ve seen Tier I deals that weren’t great, and I’ve seen unranked funds back companies that went on to define their categories.

The issue is when founders start believing their company is less because they didn’t land a certain logo. Big names can be a signal, but over-indexing on tiers leads founders to optimize for perception instead of partnership. I wrote about this recently. Now, onto this week’s feature:

-Brett

Bulletpitch’s publication covers the hottest early-stage startups before being picked up by larger media outlets. If that’s you, apply here.

Setting the Scene

  • Commercial and multifamily real estate buildings miss out on millions of dollars in value each year.

  • That’s because many of these buildings are full of hidden value from energy rebates to upgrade incentives, but most of it goes unclaimed.

  • The reason? The data needed to capture that value is buried across spreadsheets, portals, and inboxes.

  • This week’s company deploys AI agents, specific to each building, that uncover and claim that value.

In a Sentence

BuildingAssets.ai is a platform that deploys AI agents into a building’s tech stack to surface hidden savings and take action to capture them.

  • AI Agents: Software that plugs into existing systems like utility portals, document folders, and property tools.

  • Savings: Includes unclaimed energy rebates, overdue tax appeals, missed energy audits, and upgrade incentives that lower operating costs.

  • Capture Them: Agents track deadlines, prepare forms, escalate decisions, and follow through until the opportunity is claimed.

Bulleted Version: Similar to how TurboTax helps you claim deductions, or how Expensify recovers reimbursable expenses, BuildingAssets.ai helps buildings claim the money they’re leaving on the table.

The Basics

  • Industry: Proptech

  • Headquarters: Oakville, Ontario, Canada

  • Year Founded: 2025

  • Employee Count: 4 full-time, 3 fractional

  • Business Model: Annual recurring revenue (per building) + referral fees from trusted service partners

  • Early Traction: 55 buildings live, $160K+ in ARR and referral revenue, 440+ buildings in active pipeline discussions

Event Board

  • Bulletpitch x Antler Tech Carnival, Austin: We’re headed back to Austin in for SXSW this March! Sign up HERE for our biggest event of the year.

Weekly Feature Continued

Due Diligence

WHAT WE LIKE

  • Market Opportunity: With over 5.9M commercial buildings and 5.2M multi-family residential buildings, a 1% market capture with a $250 monthly subscription would yield a 300M+ ARR.

  • Layering the Tech Stack: The product sits on top of existing tools like property management systems, utility portals, and shared drives, with no need to replace what's already in use.

  • High ROI: Even a single captured rebate, tax appeal, or missed audit can cover months of subscription cost, making ROI clear and fast for customers.

POTENTIAL RISKS

  • Adoption Risk: Customers may default to legacy mental models and misunderstand the product as another dashboard or workflow tracker.

  • Integration Reliance: Performance depends on access to third-party systems and data sources, which may be inconsistent or siloed.

  • Incumbent Platform Risk: Established platforms with data and distribution advantages could add execution-style features and compete directly.

Founder Profile

  • Scott Wilson, CEO: Former Managing Partner at Hummingbird Energy, where he led growth, partnerships, and market expansion.

  • Rohit Challa, COO: Former Director at Savormetrics, with deep expertise in AI commercialization and deployment.

To request an introduction to the founder, respond to this email.

Comps

  • BrainBox AI: AI-driven energy optimization platform primarily focused on HVAC efficiency and emissions reduction.

  • Yardi: Dominant property management and accounting platform serving large portfolios; primarily a record keeping system as opposed to an autonomous agent.

  • RealPage: Enterprise real estate software suite covering leasing, revenue management, and operations; primarily focused on automating repetitive operations compared to surfacing and saving wasted value.

  • Building Engines: Established building operations platform acquired by JLL, strong system-of-record capabilities, primarily focused on visibility and tracking rather than acting on incentives and follow-through.

Why BuildingAssets: By turning overlooked tasks into captured dollars, BuildingAssets.ai helps property managers build lasting value.

Cast Your Vote

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Last Week Today

  • The Results Are In: Watt Data, a data platform that helps companies find high-intent customers by connecting real-world behaviors into insights that tell you who to target and why now, was favored in last week’s poll.

  • Subscriber Feedback: “I’ve never seen a company so well positioned to disrupt Apollo and ZoomInfo.”