What was the catalyst for launching Kestrix?
We launched Kestrix to facilitate the built environment’s transition to net zero.
Matt is an engineer who grew up with his parents renovating homes around him. Yet when going to retrofit his own home, could not figure out for the life of him what to do first and thought “wouldn’t it be nice if I could just view an image of my house and spot the heat leaks?”.
Lucy used to work in carbon accounting and saw a linked problem in her corporate clients – whilst they could calculate that heating buildings were a huge part of the problem, pathways for implementation were more murky. Kestrix was launched to give large housing providers, energy utilities, and local governments a clear sense of where their buildings stand on energy efficiency, and a list of actions to improve that efficiency, driving net zero progress.
Tell me about the business – what it is, what it aims to achieve, who you work with, how you reach customers and so on?
Kestrix is building the Google Maps of heat loss to automate energy surveys at scale; using mass thermal image capture (with drones) and AI, we build annotated 3D heat loss models of buildings. Around these, we are building SaaS tools which inform the planning, pricing, and verification of retrofits for cities at a time.
How has the business evolved since its launch?
We’ve always been the Google Maps of heat loss. The main difference from launch is probably that back then, we thought we would have to build an army of thermal drones to collect data. Turns out there are already a ton of aerial thermographers out there, ready to fly; what the industry lacks is analytics tools to make something of that data. So that’s what we’re focussing on building at Kestrix – software that, when blended with thermal images our partners capture, visualises and interprets thermal images for retrofit action.
Tell us about the working culture at Kestrix
One of our values is curiosity and I really see the team leaning into that. FTE-wise, we are 4 engineers and 2 commercial people, but there is a lot of cross-pollination – commercial is very keyed into tech and product, and tech is very interested in understanding customers’ evolving needs, pain points, etc. (even ML engineers whose job is not to product manage).
One of our engineers pitched Kestrix so well at an event recently that got invited to come speak to an audience about the business, which she will do. We’re all very invested in the mission.
How are you funded?
We were awarded a £240K InnovateUK grant this spring. Off the back of that we raised a 500K pre-seed round, with participation from angels (like Charles Delingpole of Comply Advantage or Phillip Chambers of Peakon), as well as Carbon13 (our first supporters) and Notion Capital.