The developer of a smart building platform received a $3.8 million loan from MassDevelopment to hire 38 new full-time employees to meet expected growth in demand for its product.

Based in Worcester’s WorcLab incubator and coworking space, Embue Inc.’s platform provides whole building intelligence, automation and control for new or existing multifamily housing developments, improving energy efficiency and reducing carbon emissions by 25 percent or more, making the building more comfortable for residents, improving staff efficiency and increasing bottom line results.

“Embue is proud to have the support of MassDevelopment as we continue to develop and sell our smart building platform for multifamily portfolios,” Embue President and CEO Robert Cooper said in a statement. “We’re looking forward to working closely with the MassDevelopment team as they continue to invest in programs and projects that increase quality housing and drive economic growth.”

The loan came from MassDevelopment’s Emerging Technology Fund, which provides low-cost, long-term venture debt to early-stage, emerging technology companies, the agency said in a statement.