Locations
Toronto, ON, Canada · New York, USA · North York, Toronto, ON, Canada
industry
Software
Size
11 - 50 employees
Stage
Series B
founded in
2016
Parity is a remote HVAC optimization as a service company. Our software delivers guaranteed utility cost savings and maximizes revenue from demand response events. We remotely control and optimize HVAC systems to deliver energy-efficient levels of heating, ventilation, and cooling 24/7/365. As energy efficiency and GHG emissions regulations tighten, Parity opens new, low-cost opportunities for compliance and access to incentive programs. Parity is the trusted energy management solution used by the largest owners and operators of large multifamily residential buildings and hotels across North America. We are approaching 100M sqft of real estate under management. Parity investors include Idealist Capital, Arctern Ventures, Wyse Meter Solutions Inc. (WYSE), and RET Ventures. Parity has received various awards, including Wood and Mac - Companies to Watch (2019), Globe and Mail - Top Growing Companies 3 years in a row (2020-2022). The company was recently recognized as the first service provider to be awarded the designation of Leader by the NYC Accelerator (2023).
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