Carnot Innovations
Entrepreneur First '18Hong Kong, HK Β· Founded 2018 Β· 2 known investors
Carnot Innovations offers an AI-powered analytics platform for smart buildings that acquires data from existing building management systems (BMS) and IoT sensors to deliver energy optimization, predictive maintenance, and continuous commissioning. It targets facility managers of buildings with chiller plants, providing actionable insights and automated energy controls.
Also known as Carnot Β· Carnot Innovations Limited
Founders & leadership
Carnot Innovations was founded in 2018 by Ashish Justin and Chris Choy.
Investors Β· 2
Company profile
researched Aug 2026Carnot Innovations Limited develops an AI-based software analytics platform for commercial building HVAC systems. The platform acquires data from existing building management systems (BMS) and remote IoT sensors, stores and annotates trend logs and sensor points, and applies machine learning anomaly detection together with logic-based fault detection to identify and predict maintenance, control-logic and operational defects in chillers, pumps, cooling towers, heat pumps and air handling units. Outputs include data visualization dashboards, prescriptive maintenance notifications and identified energy-efficiency opportunities, which the company frames as AI-enabled continuous commissioning.
A second component is a chiller plant optimization engine that generates optimal setpoints and staging/sequencing logic for chiller plant equipment and writes them back to equipment controllers, automating energy optimization on both the water side and the air side. The company states the software runs in parallel with, rather than overriding or replacing, an existing BMS, and that it is applicable to any site with a chiller plant and BMS. Beyond building performance, Carnot describes work with stakeholders on ESG targets and carbon emissions tracking.
The company was established in 2018 and is headquartered in Hong Kong, initially focusing on fault detection for building management systems before adding AI models for energy optimization control strategies.
Compiled by commissioned research from 6 cited public sources β announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed β not independently audited.
Timeline Β· 13
launches, deals, and filingsThe headquarters building of a bank in Central was honored with the 2024 Technology Award in the Commercial Building (Existing) category for deployment of Carnot's advanced data analytics system.
Won Gold Prize in the PropTech Solutions of the Year - ESG in PropTech category.
POC project for a sewage treatment work completed in Q1 2024, showing annual energy cost savings of 5%.
Project to build a solar path model for Lantau Island that simultaneously monitors and analyzes ambient data.
Deployed software in malls, hotels and hospitals in Thailand and Singapore.
Press digest reported Hong Kong-based proptech startup Carnot Innovations raised over $800,000.
$800K source β
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
βΈResearch sources Β· 6
primary sources listed
- Carnot Innovationscarnot-innovations.com Β· web
6 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Carnot Innovations do?
- Hong Kong-based AI analytics platform that optimizes HVAC energy use and predicts equipment faults in commercial buildings.
- Who founded Carnot Innovations?
- Carnot Innovations was founded by Ashish Justin, Chris Choy in 2018.
- Who are Carnot Innovations's investors?
- Carnot Innovations's investors include 500 Global, Entrepreneur First.
- Where is Carnot Innovations headquartered?
- Carnot Innovations is headquartered in Hong Kong, HK.

