Prestigious Annual Awards Program Recognizes Breakthrough Innovation in the Global Real Estate Technology Industry
BETHESDA, MD — August 14, 2024 — Dwellwell Analytics (“Dwellwell”), The Check Engine Light for Homes™, today announced that it has been awarded “PropTech AI Innovation of the Year” in the 4th annual PropTech Breakthrough Awards program conducted by PropTech Breakthrough, a leading independent market intelligence organization that evaluates and recognizes standout real estate technology companies, products and services around the globe.
Dwellwell is a SaaS platform that diagnoses irregularities in home system performance, helping to address small, hidden maintenance issues before they turn into larger, more expensive problems or even catastrophes. The residential property maintenance platform provides unique sensing, data analytics and AI to reduce expenses and avert disasters in residential properties.
To deliver this service, Dwellwell employs state of the art compositional AI, which incorporates multi-sensor data analysis, physics-based analytics, acoustic pattern recognition, neural network AI models, an AI Flywheel, in situ AI adaptations, semi-supervised AI learning, anomaly detection, and post-processing outcome framing. This allows Dwellwell, in a single system, to deliver data, analytics, insights, and alerts for major systems including HVAC, plumbing, and electrical plus environmental conditions such as mold risk, smoking, and noise levels. Dwellwell’s AI “learns” a building’s normal conditions and continually improves its diagnostic capabilities. Over time, Dwellwell depicts trends and enables predictive maintenance, showing what may need to be addressed before “symptoms” are present.
Dwellwell is the only product that can provide an integrated view of what is happening inside a residence or an entire real estate portfolio from a single screen. The solution is uniquely a plug-and-play product with compact dNode™ sensors plugging into standard electrical outlets. Dwellwell’s data, analytics, insights, and alerts have proven essential in reducing CapEx, OpEx, and protecting long-term asset value.
“Customer engagement played a key role in our product development, enabling us to create a solution that meets the broad maintenance needs of owners of residential real estate and fills a significant void in today’s PropTech landscape,” said Dan Simpkins, Co-Founder and CEO of Dwellwell. “We appreciate PropTech Breakthrough’s recognition. It’s a tremendous honor that validates our decades of knowledge and expertise in groundbreaking sensor technology, product design, real estate and AI.”
The mission of the annual PropTech Breakthrough Awards program is to conduct the industry’s most comprehensive analysis and evaluation of the top technology companies, solutions and products in the global real estate technology industry today. This year’s program attracted thousands of nominations from over 12 different countries throughout the world.
“Dwellwell serves as the ‘eyes, ears, and nose’ of a residence, diagnosing a range of hidden problems before they escalate. Residential maintenance costs $100 billion a year in the U.S. For residential property owners, maintenance and repairs are completely reactive, with most one-off products only detecting individual problems,” said Bryan Vaughn, Managing Director of PropTech Breakthrough Awards. “Dwellwell delivers a holistic view in one platform and reduces catastrophes, moving maintenance from reactive to proactive and eventually, predictive. Congratulations on being our pick for ‘PropTech AI Innovation of the Year’ for enabling faster repair service, more efficient use of contractors, reduced costs, and satisfied owners and residents/guests.”
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About Dwellwell Analytics
Dwellwell is the only comprehensive Check Engine Light for Homes. The powerful technology diagnoses and alerts residential property owners and managers to irregularities in the performance of an entire residential building, including HVAC, electrical, plumbing, and even environmental concerns. The SaaS platform provides early detection of issues before they lead to system failure or a catastrophic event. With its simple plug-and-play installation capability, Dwellwell proactively diagnoses issues across an entire building, helping multifamily and short-term rental owners streamline maintenance, generate cost savings, improve NOI, and ensure resident/guest comfort.
About PropTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the PropTech Breakthrough Awards program is devoted to honoring excellence in technologies, services, companies and products that empower remote work and distributed teams around the globe. The PropTech Breakthrough Awards program provides a forum for public recognition around the achievements of technology companies and solutions in categories including messaging & communication, project management, virtual events, team collaboration, virtual offices, collaborative design and more. For more information visit PropTechBreakthrough.com.