A startup company co-founded by two Waterloo Engineering graduates has secured US $4 million in seed funding to continue its growth in the construction industry.
Adaptis, launched in 2022 by Sheida Shahi (PhD ’21, civil engineering) and Aida Mollaei (PhD ’24, civil engineering), provides a decision-making platform to help owners, architects and engineers lower building costs, generate more design options, reduce project timelines and optimize operational costs.
The company has doubled its revenue since 2023, expanding into eight regions including British Columbia, Washington State and New York. The platform has more than 350 buildings in active operation, with another 400 set to come on board.
It has also diverted more than 6,000 tons of waste and reduced Co2 emissions, while saving building owners an average of 20 per cent in capital expenditures.
“When we look to the future, we are excited about the work ahead in coordinating the science, technology and scalable infrastructure required to continue supporting our customers to succeed,” Shahi said.
Go to Adaptis helps building owners and operators meet their profitability and sustainability goals for the full story