Novele Raises $17M Series A to Turn Commercial Buildings Into Grid-Interactive Energy Assets

Novele, a Stamford, Connecticut-based applied AI company focused on energy in the built environment, has raised $17 million in Series A funding. The round was led by Boisei Labs, with participation from Locke Health, Arup Ventures, and Barton Malow.

What Novele Does

Novele builds technology that turns commercial buildings into intelligent, grid-interactive energy assets. Its full-stack platform pairs two core components:

• EnergyBoard — a slim, wall-mounted distributed battery system.
• BoardOS — an AI-powered orchestration layer that predicts and optimizes power use from the circuit level up to portfolio-wide operations.

The company also offers RippleBoard, which extends the platform to data centers.

Who It Serves

Novele targets building owners across several commercial real estate categories, including multifamily, office, retail, hospitality, and industrial properties. According to the company, its live deployments include Fortune 50 customers, and more than 2,000 buildings are engaged across its pipeline.

Company Background

Novele was founded in 2015 and relaunched in 2023. The company is based in Stamford, Connecticut.

The Round at a Glance

• Round type: Series A
• Amount: $17,000,000 USD
• Date: September 30, 2026
• Lead investor: Boisei Labs
• Additional investors: Locke Health, Arup Ventures, Barton Malow

Why It Matters

The built environment represents a significant share of energy demand, and Novele's approach positions commercial buildings as active participants in the grid rather than passive consumers. By combining distributed battery hardware with an AI orchestration layer, the company aims to give building owners circuit-level visibility and control while optimizing power use across entire portfolios.

The extension of the platform to data centers via RippleBoard points to a broader ambition: applying the same prediction and optimization stack to one of the fastest-growing sources of electricity demand.

With the Series A in place and backing from Boisei Labs alongside strategic participants including Arup Ventures and Barton Malow, Novele is positioned to scale deployments across its existing pipeline and expand into additional building categories.

Acquisition Angle

For acquirers and strategic partners, Novele sits at the intersection of applied AI, distributed energy hardware, and commercial real estate. Its combination of a physical battery product with a software orchestration layer creates a full-stack offering that is harder to replicate than a point solution. The reported Fortune 50 deployments and pipeline of more than 2,000 buildings suggest early commercial traction in a capital-intensive category where execution and installation footprint matter.

Companies looking to add grid-interactive building capabilities — whether in energy management, building automation, or data center infrastructure — may find Novele's platform and customer base strategically relevant as electrification and grid flexibility continue to drive demand.