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.
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.
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.