Founded in 2014 by Brice Kosnik and Jason Burt, BuildPulse developed software that gives building operators data and insight about energy use. CopperTree, founded in 2012, also sells energy management software and bills itself as an automated Fault Detection and Diagnostics (FDD) software platform. Clients include universities, airports, medical centers, and more.
Terms of the deal were not disclosed. BuildPulse will keep its office in Seattle and work under the CopperTree brand. The company has fewer than 20 employees.
“CopperTree was our biggest competitor, but the two companies had invested in different paths,” Kosnik told GeekWire. He pointed to CopperTree’s analysis tools and UI, and BuildPulse’s connectivity and rapid deployment as strengths of each. “The marriage of the two companies made a lot of sense on both sides,” he said. “Our competitors have a lot of catch-up to do.”
Kosnik is now a manager for CopperTree. Burt left BuildPulse last year and is now a manager at JFrog, a Seattle-based cloud startup.
BuildPulse graduated from the 9MileLabs accelerator in 2014 and had raised $1.8 million from backers including the Alliance of Angels, Seattle Angel Fund, Bellingham Angel Investors, Tappan Hill Ventures, and other angel investors in the Seattle region. It is similar to Optimum Energy, another Seattle startup that helps clients monitor building energy use.