Next-Gen Technology Provider for Optimized Building Design Receives Recognition for its Culture, Details Recent Achievements and Future Plans
cove.tool, the leading provider of automated building performance tools, announces key milestones on its journey to fight climate change, as well as recent successes and additions to the company and its culture. After a $30 million Series B funding raise led by Coatue at the end of 2021, the startup continued its success into the first half of 2022 with exciting strategic product enhancements and investments.
“We entered this year with the overarching goal to expand our product suite and make it easier than ever for our users to make data-driven decisions across the building and design process,” said Sandeep Ahuja, CEO at cove.tool. “Helping our industry change the way we create, communicate and exchange information to design high performance buildings is at the heart of what we do. We are proud to announce what’s coming down the pipeline through the end of this year.”
Enhancing Its Cloud-Based Platform
cove.tool continues to evolve and enhance its suite of building design and construction solutions to ensure the architecture, engineering and construction (AEC) industry has the resources and tools needed to unlock productivity and address the climate crisis. In March 2022, the startup expanded its platform by launching two new products, api.tool and revgen.tool (formerly quote.tool).
With api.tool, users can connect cove.tool’s powerful back-end calculations to their pre-built applications and existing workflows to run energy, daylight and glare simulations. quote.tool is a lead generation solution for building product manufacturers. It identifies qualified leads for manufacturers based on their selected project types, locations and sizes and connects them directly with architects and engineers to provide product specifications and quotes.
The startup will continue to evolve its platform through the end of the year with the launch of its new embodied carbon feature, a relaunch of its drawing.tool product and continuous updates to its platform for mechanical engineers, loadmodeling.tool. The embodied carbon feature will help companies estimate structural, enclosure and interior material quantities automatically based on building geometry and create automated embodied carbon metrics for all projects to calculate, evaluate and reduce a project’s emissions. The new and improved drawing.tool, cove.tool’s 3D modeling platform, will include an updated user interface, enhancements to the geometry import feature, room-based analysis and a new assembly builder feature.
“We’re constantly evaluating our product suite to ensure we’re continuing to meet the needs of the AEC industry on its quest to fight climate change,” said Ahuja. “Our upcoming product launches and enhancements are a continuation of this commitment, and our embodied carbon feature will be instrumental in helping companies eliminate their project carbon emissions, both embodied and operational and propel us into a carbon-neutral future."
Investing in Culture & People
Integral to success at cove.tool is its integrated team of architects, engineers, energy modelers, software developers, designers, and strategists, who are always looking to evolve the company’s product portfolio, support customers with solutions for their day-to-day challenges, and help to address the carbon impact of buildings. The company’s mission to fight climate change is integral to its success and continued commitment to innovation. The company was recently named to Fortune magazine’s Best Small Workplaces™ list in 2022 for its exceptional employee experience and commitment to creating an equitable workplace. It also earned Great Place to Work® Certification™ earlier this year.
cove.tool continues to expand its team with new hires from diverse backgrounds and experiences to further invest in the company’s growth. Recent hires include Kenneth Shaun Rodgers as Vice President of Sales, Krystl Black as Vice President of Marketing and Ed Akins, II, a registered Architect, as Sales Enablement Director. These new hires and future hires expand cove.tool’s breadth of knowledge and will enable the team to scale as the product suite and company evolves and grows.
In addition to leadership growth, cove.tool recently moved to a new office space in downtown Atlanta to accommodate the expanding team. It reflects cove.tool’s tech and innovation culture with more spaces for collaboration and in-person huddles, allowing teams to better connect and work together toward the company’s goals and mission.
The company will be hosting its ATL Climate Tech House Party at its new headquarters on Thursday, August 11. For more information and to RSVP, please visit: https://go.cove.tools/climate-tech-house-party
cove.tool is a web-based software for analyzing, drawing, engineering, and connecting data for building design and construction. Through streamlined automated analysis that helps architects, engineers, contractors and building product manufacturers use data-driven design through automation and cost optimization, cove.tool is making the built world sustainable and efficient in the fight against climate change.
For more information, visit: https://www.cove.tools/