Bregal Milestone, a European private equity firm, with roughly €2 billion in capital under management, has taken a majority growth stake in meteoviva, the German vendor of AI predictive controls. The deal is intended to fund faster European expansion and the buildout of meteoviva’s autonomous building control roadmap. We previously covered meteoviva in a 2022 research note, and in this note we analyze the deal and the companies progress over the last 4 years. meteoviva Profile Founded in 2001 by Markus Werner and Dr. Stefan Hardt, meteoviva launched its first product in 2009 as one of the earliest companies to deliver model-based building control. Its core offering, MeteoViva Climate, uses a proprietary physics-based thermodynamic model combined with AI to predict and optimize heating, cooling, and ventilation needs across individual building zones. The system interfaces with existing Building Automation Systems (BAS), works in both new and existing buildings, and is independent of the HVAC equipment behind […]