Builtrix

Scale Up

Scale Up

Portugal

Operative country
Portugal

Operative adress
Praça Nuno Rodrigues dos Santos 7, 1600-171 Lisbon, Portugal

Site Web
Builtrix.tech

Social

Builtrix

Organization Description

Builtrix is a fast-growing Portuguese startup that provides data-driven energy intelligence solutions for energy experts, maintanance, and Sustainability managers. The company focuses on offering simple, easy-to-understand, and standardized energy information to optimize energy efficiency and reduce carbon emissions in buildings. Builtrix’s cloud-based platform leverages big data analytics and artificial intelligence to deliver actionable insights for improving energy usage and achieving sustainability goals.

Founder

Javad Hatami

CEO & Co-Founder at Builtrix

Introduction

Builtrix has rapidly scaled up to become an innovative provider of data-driven energy intelligence solutions in Portugal. By leveraging big data analytics and artificial intelligence, Builtrix enables energy experts, Sustainability consultants, and facility managers to optimize energy efficiency and reduce carbon emissions without the necessity of installing any hardware or sensors. Our cloud-based platform simplifies energy data, making it accessible and actionable. This innovative approach makes it easier for the market to adopt our solution, as it does not require an initial capital expenditure for the installation of hardware.

Background

Founded in 2020, Builtrix set out with a mission to transform energy management through intelligent data analysis and artificial intelligence. Initially focusing on the commercial sector, the company faced
challenges related to data accessibility. By forming strategic partnerships and leveraging cloud-based technology, Builtrix overcame these hurdles. Key achievements include participation in the PLATOON project,enhancing technical and business competencies, and securing significant contracts across Europe. Participation in several EU initiatives increased their cross-border competency, enabling them to navigate regulatory environments and market maturity in countries like Portugal, Italy, France, and Switzerland. Partnerships with local companies are central to their market penetration and adoption strategy. Recently, Builtrix was awarded the EU project Wefoming, aiming to transform buildings from passive consumers into strategic players in future energy networks. Builtrix will lead the Portugal demo, working closely with the Visabeira Group and R&D Nester to transform a major shopping center in the north of Portugal into a smart energy hub.

Achievements

Builtrix has achieved significant milestones since its founding in 2020. Since its inception, Builtrix has secured over €1 million in grants from EU projects, demonstrating strong financial support and trust in its innovative solutions. The company has consistently achieved an annual growth rate of over 50%, reflecting its rapid market adoption and expansion. Major achievements include participation in prestigious EU projects like PLATOON, WEForming, and Interconnect, which have significantly enhanced our technical and business capabilities. Builtrix is proud to be recognized among the Top 25 Scale-ups in Portugal and the Top 10 Clean Tech Scale-ups by EIT Digital and BGI in 2023, showcasing our impact and leadership in the clean tech industry. The company’s technology has also contributed to a reduction of over 2,500 tons of CO2 emissions, underscoring its impact on sustainability.

Leadership
Highlight

Builtrix is led by CEO and co-founder Javad Hatami,whose entrepreneurial journey began with the successful exit from his previous startup, Optishower, in 2020. With over 9 years of experience in building and scaling startups, Javad’s strategic leadership has been pivotal in Builtrix’s rapid growth and market penetration. His expertise in identifying product-market fit and leveraging his partner network has enabled Builtrix to innovate in the energy intelligence sector, securing major EU grants and achieving significant milestones in sustainability and technology integration.

Inpact
on ecosystem

Builtrix has made a significant impact on its local ecosystem and broader EU markets through transformative projects. Notably, it is converting the Palácio de Gelo in northern Portugal into a local energy hub, highlighting its advanced technology integration capabilities. Moreover, over 600 public buildings in Rome, Italy, have adopted Builtrix’s solutions to enhance energy efficiency. These initiatives underline Builtrix’s technological expertise while driving economic growth, attracting investor interest, and advancing sustainability goals. As a result, these implementations have led to a reduction of over 2,500 tons of CO2 emissions, demonstrating substantial environmental and economic benefits.

Lessons
Learned

Builtrix’s success underscores vital lessons for scale-ups and investors. By focusing on core pain points like energy cost reduction, particularly crucial in Southern Europe such as Portugal, we drove market adoption of energy analytics solutions. We learned to address primary needs first—cost reduction—before promoting sustainability benefits as a secondary advantage. This approach ensures alignment with market incentives and accelerates adoption. Understanding and addressing core market drivers remains pivotal for achieving sustainable growth and customer engagement in the energy management sector.

Investment
raised

Builtrix has successfully funded its development through a combination of bootstrap efforts and strategic investments, positioning itself as a innovator in the energy intelligence sector. Initially bootstrapped with internal funds and revenue generated from early clients, Builtrix focused on proving its concept and gaining traction in the market. This approach enabled the company to build a robust product and establish credibility within its home ecosystem in Portugal. As Builtrix expanded its ambitions to scale its technology and market reach, it strategically pursued external investments toa ccelerate growth. The company secured significant funding from public grants, totaling over €1 million from various European Union projects. These grants not only provided crucial financial support but also validated Builtrix’s innovative solutions on a larger scale.

Conclusion
and future Outlook

Builtrix aims to sustain and expand its success by enhancing its AI and big data analytics capabilities for more precise energy management insights. The company plans to deepen partnerships in the hospitality sector and establish itself as a market leader by collaborating with key stakeholders. Additionally, Builtrix intends to broaden its market footprint, targeting sectors like retail and real estate to drive further growth and establish itself as a trusted provider of energy intelligence solutions across diverse industries.

Podcast

Listen to our latest podcast featuring Javad Hatami, CEO and co-founder of Builtrix!

Relevant links:

Contact the company

Praça Nuno Rodrigues dos Santos 7, 1600-171 Lisbon, Portugal