Founded by Faisal Butt in 2014, Pi Labs is a London-based venture capital firm that invests in startups transforming the built environment, with a focus on community impact, business innovation, and environmental sustainability. The firm has backed over 80 companies in 17 countries, reflecting its wide-reaching commitment to urban development.
The latest, the 13th Growth Programme, includes an array of startups utilising large language models (LLMs) to innovate within the real estate sector:
- FLUIX AI, co-founded by Abhishek Sastri and Chase Overcash, focuses on optimising energy and compute efficiency in data centres through AI.
- Howie, founded by Ewa Lenart, assists architects and developers by streamlining project management and enhancing knowledge accessibility.
- innex.ai, initiated by Carl-Magnus von Behr and Jan H. Blümel, simplifies governance and compliance for critical infrastructures.
- Prosperous AI, created by Mariano Apodaca and Michael Atkin, leverages AI to significantly reduce raw material costs by up to 30%.
- Trubrics, established by Joel Hodgson and Jeff Kayne, specialises in product analytics for LLM applications, providing deeper insights into AI tools.
The programme facilitates connections between startups and key investors, promoting expansion, team development, and product innovation.
In 2022, Pi Labs raised a $90 million fund from global institutional investors aimed at supporting technologies across sustainability, the future of work, AI, the metaverse, construction, and smart cities.
Faisal Butt also leads Spire Ventures, focusing on investments in traditional property services.
Image: TechSparx
