Novele Raises $17M Series A

Novele, a company specializing in autonomous energy intelligence for commercial buildings, has successfully closed a $17 million Series A funding round. This latest injection of capital brings the company significant resources as it works to scale its AI-driven platform across a substantial portfolio of commercial real estate.

Investors

The round was led by Boisei Labs, with participation from Locke Health, Arup Ventures, Barton Malow, and several commercial real estate owners and operators.

Novele Use of Funds

Novele plans to use the new funding to support the expansion of its engineering, deployment, and commercial teams. Additionally, the capital will facilitate the installation of its energy storage systems across its active project pipeline and support the continued training and development of its proprietary BoardOS software.

About Novele

Novele is an applied AI company that provides an AI-powered energy software platform called BoardOS. This system integrates with the company's distributed energy storage platform, EnergyBoard, to analyze and control building power usage in real time, helping properties manage costs and optimize energy consumption in response to grid conditions.

Funding Details

Company Website: https://novele.com

Company: Novele
Raised: $17M
Round: Series A
Funding Date: October 2, 2026
Lead Investor: Boisei Labs
Additional Investors: Locke Health, Arup Ventures, Barton Malow
Software Category: Energy Management Software
Source: https://pulse2.com/novele-raises-17-million-series-a-to-scale-ai-energy-platform-for-commercial-buildings/