The startup develops residential rental environmental monitoring systems that utilize sensors to collect data on indoor conditions and energy usage. By applying data analytics and machine learning, the system enables asset managers to identify inefficiencies and enhance property management, ultimately reducing energy consumption.
Funding
$6.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Social housing providers face challenges in proactively managing their properties, leading to delayed identification of issues like damp, mold, fuel poverty, and inefficient energy usage. Traditional methods rely on tenant reporting or scheduled visits, resulting in reactive maintenance and potentially higher costs for repairs and tenant welfare.
Solution
iOpt provides a remote property monitoring solution that enables social housing providers to proactively manage their properties and improve tenant well-being. The system uses non-invasive, easy-to-install sensors to collect real-time data on environmental conditions, occupancy, and energy usage within residential units. This data is then analyzed through a bespoke platform, providing actionable insights into potential issues such as condensation, damp, mold, leaks, fuel poverty risks, and inefficient heating. By detecting these problems early, iOpt enables predictive and proactive maintenance, reduces repair costs, improves tenant health, and extends the lifespan of housing stock. The platform offers customizable alerts, API integration with existing housing management systems, and regular reports to facilitate data-driven decision-making.
Target Audience
The primary target audience includes asset managers, maintenance teams, and finance teams within social housing organizations responsible for managing and maintaining residential properties, ensuring tenant welfare, and optimizing resource allocation.
Features
- Non-invasive, battery-powered sensors for easy installation and minimal disruption to tenants
- Real-time monitoring of temperature, humidity, CO2 levels, and energy usage
- Early detection of damp, mold, leaks, and other environmental hazards
- Identification of properties at risk of fuel poverty
- Occupancy monitoring to detect voids, over-occupancy, and unauthorized use
- Customizable alerts and notifications for proactive intervention
- API integration with existing Housing Management Systems (HMS)
- Regular reporting with actionable insights and suggested actions
- Data-driven insights for optimizing retrofit programs and energy efficiency measures
- Secure data transmission and storage