2 SaaS Startups in the Energy Management Industry

January 24, 2023

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SaaS startups have become the darling of Venture Capital investors, especially in the Energy Management industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 2 VC funded SaaS startups in the Energy Management industry.

Kleverness

The California-based startup Kleverness creates automation technologies for home and commercial structures. The group has created its solutions from the bottom up, spanning everything from software creation and artificial intelligence to hardware production and circuit design. By eliminating the requirement to modify building wiring in order to enable things to function, Kleverness overcame the largest obstacle in automation. In terms of energy efficiency and usefulness, Kleverness exceeds premier systems and is simple to install in any house or hotel.

Company details:
Founders:
Alex Fraind, Dan Nurko
Founded:
2017
Based in:
Walnut Creek, California, United States
Website:
Kleverness
Industries:
Clean Energy, CleanTech, Energy Efficiency, Energy Management, Hospitality, Internet of Things, Lighting, SaaS
Latest funding:
$4,000,000
Seed
10 January 2021
Total funding:
$4,000,000
Investors
Redwood Ventures

Virtual Facility

An ML-powered building intelligence solution is made available to institutional clients by Virtual Facility, helping them to better understand, manage, forecast, and cut down on operating costs via better work. Our SaaS solution makes use of the most recent technological advancements and machine learning to provide analytics that enable real-time engineering and operations management for clients including hospitals, universities, and major commercial institutions. The modular line of products provides automated intelligence to facility managers and their workers, enabling them to maintain as lean an operation as possible.

Company details:
Founders:
Mark Prewett, Reed Berinato
Founded:
2018
Based in:
New York, New York, United States
Industries:
Artificial Intelligence, Energy Management, Facility Management, Real Estate, SaaS, Smart Building
Latest funding:
$9,000,000
Seed
23 June 2022
Total funding:
$9,000,000
Investors
Primary Venture Partners, Camber Creek, Ubiquity Ventures

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