Tapa, with a valuation cap of $8 million, is raising funds on Republic. The company’s platform manages the building control systems and IoT technology. It solves the needs of building operators and increases the efficiency, safety, and convenience of physical spaces. Tapa was established as a division of Smart Building Technologies in 2019 by Paul Meng and Mike Schmitz. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $1,070,000, and the funds will be used to accelerate the development of new tenant features, go to market, and build out solutions sets. Tapa has secured agreements with four major building automation providers and is working on a monthly recurring revenues business model.