Company News

We are pleased to announce that Parity has has been named a New York State Energy Research and Development Authority (NYSERDA) Qualified Vendor for the Real-Time Energy Management (RTEM) Program. NYSERDA offers a 30% cost-share incentive for building owners to deploy energy management solutions such as Parity’s platform. The RTEM NYSERDA program helps support implementation … Continued

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We are pleased to announce that our CEO and Cofounder Brad Pilgrim has been recognized as a 2020 Clean50 honouree. The award recognizes Brad’s leadership re-imagining how smart technology can successfully support energy management and conservation in buildings. Canada’s Clean50 Awards are announced annually by Delta Management Group and the Clean50 organization to recognize those … Continued

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Investment supports ongoing expansion of Canadian proptech company’s energy management platform across North America We are pleased to announce the company has received $1.25 million in venture debt from Silicon Valley Bank (SVB), the bank of the world’s most innovative companies and their investors. The investment will help accelerate our planned expansion into the US … Continued

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Energy veterans add sector bench strength, additional thought leadership to growing Canadian proptech offering Ron Seftel (former CEO, CFO Bullfrog Power) joins Parity as Chief Financial Officer Mike Mulqueen (former Lead, CDM Business Development,…

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Macdonald cites exceptional technology, outstanding team and opportunity to scale across North America as strengths of growing Canadian proptech company We are pleased to announce the appointment of energy veteran John Macdonald as the company’s Chair of the Board. Mr. Macdonald joins our efforts to make urban living more sustainable. Among his many accomplishments, Mr. Macdonald was the first … Continued

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We are pleased to announce that we have closed a Series A investment with ArcTern Ventures, a leading North American cleantech venture fund. The $5 million round, the first deal for ArcTern’s Fund II, will be used to fund Parity’s expansion into the US market. Parity’s proprietary control algorithms enable substantive energy savings across the built environment, … Continued

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