Verdigris Technologies
Financials
Estimates*
USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|
Revenues | 4.4m | 4.4m | 4.4m | 6.6m | 6.6m | 4.8m |
% growth | - | - | - | 50 % | - | (27 %) |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | $1.5m | Seed | |
N/A | $1.9m | Seed | |
N/A | $100k | Grant | |
N/A | $7.7m | Early VC | |
$6.0m | Series A | ||
$6.7m | Series A | ||
N/A | - | ||
$5.0m Valuation: $33.5m | Series A | ||
N/A | N/A | Early VC | |
$8.4m | Early VC | ||
$1.1m Valuation: $42.2m | Early VC | ||
* | $10.0m | Early VC | |
Total Funding | AUD74.8m |
Recent News about Verdigris Technologies
EditVerdigris is a cutting-edge startup that specializes in energy management solutions, primarily targeting commercial real estate, data centers, hospitality, logistics, and manufacturing sectors. The company leverages advanced sensor technology and proprietary AI algorithms to provide detailed, circuit-level data on energy consumption. This granular data helps businesses monitor and optimize their energy usage, leading to increased efficiency and reliability of electrically powered equipment.
Verdigris serves a diverse range of clients, including hotels, data centers, and manufacturing facilities. These clients benefit from Verdigris' ability to detect equipment issues before they affect operations, receive alerts about unusual energy usage, and compare energy consumption across multiple properties to identify best practices. The company's Adaptive Automation feature learns usage patterns and adjusts HVAC (heating, ventilation, and air conditioning) controls to reduce energy expenses without compromising comfort or operational efficiency.
Operating in the energy management market, Verdigris employs a business model that combines hardware sales (energy meters) with software subscriptions. The hardware is installed in electrical panels to collect data, while the software provides analytics and actionable insights. This dual revenue stream allows Verdigris to make money both from the initial sale of its sensors and from ongoing subscription fees for its analytics platform.
In summary, Verdigris offers a comprehensive solution for businesses looking to cut energy costs, improve operational efficiency, and maintain high reliability of their electrical systems. By integrating advanced sensor technology with AI-driven analytics, Verdigris helps its clients achieve significant energy savings and operational improvements.
Keywords: energy management, AI algorithms, sensor technology, commercial real estate, data centers, hospitality, HVAC controls, energy efficiency, operational reliability, cost savings.