Hank, Roseville company, acquired by Fortune 500 company JLL

AI-powered platform to help JLL customers operate more sustainably

JLL (NYSE: JLL) today announced the acquisition of Roseville-based Hank, an artificial intelligence (AI)-powered virtual engineering platform that autonomously optimizes commercial building management systems to provide increased comfort, air quality and energy savings.

Hank’s system applies machine learning and AI to solve many of the commercial real estate (CRE) industry’s biggest operational challenges, including HVAC programming inconsistencies and equipment energy and performance inefficiencies . Its cloud-based platform optimizes energy efficiency, air quality, maintenance costs, and tenant comfort, delivering increased net operating income (NOI) to real estate investors.

“Hank’s advanced technology provides a major opportunity to improve efficiency for our customers…”

Sharad Rastogui

“Our vision for the future of buildings is automated, AI-powered, smart and sustainable, said Sharad Rastogi, President of JLL Technologies (JLLT), a division of JLL. “By joining JLL, Hank’s advanced technology offers a major opportunity to improve our customers’ efficiency today and better anticipate the needs of tomorrow. Hank’s acquisition by JLL represents an ongoing commitment to fostering sustainability and embracing technology to shape the future of real estate for a better world.

Co-founded in 2016

Hank was co-founded in 2016 by Zachary Denning and Jerremy Spillman, who have extensive engineering and sustainability experience, managing teams and growing significant revenue at multiple sustainability-focused businesses.

“Having worn many hats in the field of building management, we uniquely understand the opportunity to make an impact through smart building technology,” said Denning, CEO of Hank. “We are thrilled to be part of JLL, which has a strong track record of applying technology, like Hank, to solving the most complex real estate challenges. With JLL, we will have the resources to scale faster to advance healthy and sustainable buildings around the world.”

Hank works by connecting to an existing building automation system (BAS) and developing a “digital twin” of the building in the cloud to start learning how it works. Hank is able to generate a complete audit of building systems, detail where he can make efficiency adjustments, and act automatically, autonomously, and remotely. Hank can be deployed in weeks and generate immediate value that spans energy savings, asset longevity, comfort scores, and indoor air quality (IAQ).

Hank will operate within JLLT and Denning will serve as Director of Sustainability Products. Hank will continue to serve existing customers, and its AI-powered technology will now be available to JLL customers to help improve tenant experiences and returns on investment while accelerating the achievement of sustainability goals.

Calvin W. Soper