SaaS startups have become the darling of Venture Capital investors, especially in the Energy 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 10 VC funded SaaS startups in the Energy industry.
A GMaaS (Grid Management Software as a Service) platform is being developed by Camus Energy to support the eventual DSO. Camus's platform equips industry leaders to safely and strategically manage a grid environment that is quickly evolving by giving grid operators and load serving organizations improved situational awareness, knowledge, and control. In order to take advantage of new opportunities on distribution grids, Camus' founders and collaborators are utilizing knowledge from various sectors, including the founders' innovative work creating Google's worldwide traffic management platform.
Clir is a program for reporting and optimizing renewable energy sources that combines AI with a cloud-based platform to improve the efficiency and profitability of renewable energy facilities.
Although monitoring is useful, observability is superior. The OT observability firm is named ControlRooms. The first AI-powered observability platform for chemical and energy manufacturers is our SaaS solution. Operators and engineers may enhance troubleshooting and achieve real observability of their operational data with the help of ControlRooms. Advanced AI is used by ControlRooms to highlight important trends and spot abnormalities across plant systems. The business is situated in Austin, Texas, and it was established in 2021.
Covetool has created ground-breaking machine learning technology that enables customers to find more cost-effective and energy-efficient construction methods for their buildings. The program creates intelligent, precise models in a tenth of the time to assist customers in researching various building options and selecting the best one.
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.
NEU is reimagining the way that energy is created and used. Our objective as a next-generation AI-driven power retailer is to democratize and digitalize sustainable energy in order to reduce our customers' energy costs. Currently, we are developing our 2 new verticals. I) our SaaS product that focuses on energy consumption disaggregation, allowing our users to not only understand how they consume energy and how to optimize their consumption, ii) our Fintech product, which focuses primarily on enabling and connecting the data collected from our customers in order to offer them financial services to acquir more efficient equipment or services in order to drive clean energy transition and energy efficiency for our clients.
For business microgrids, Solarize offers a SaaS solution for energy generation, delivery, and billing. Solarize is an app that combines an easy user interface, intelligent automation, and monitoring to allow utility companies, microgrid operators, and owners of power production units to sell electricity on-site without delays. Selling power is made simple via Solarize.
Teren is a provider of data analytics to the energy and civil engineering markets.We have attracted some of the largest and highest-profile clients in the midstream oil and gas industry as customers. SolSpec’s solution utilizes high-throughput data processing and artificial intelligence algorithms to identify and predict project-based risk for pipeline right of ways (ROW), infrastructure construction and large land development projects.
Switchee was founded out of INSEAD business school in 2015 and is headquartered in London. It is now the market leader in social housing IoT, servicing many of the largest housing associations in the UK. The company helps large residential landlords to better manage their property portfolio, using technology to identify maintenance issues, reduce fuel bills and improve communication with residents. For every £1 invested in Switchee services, the landlord saves £2 and puts £2 back into the pocket of their resident. Switchee has reimagined the way landlords interact with residents and manage their homes. Their services ensure that landlords have the information they need to eliminate fuel poverty, damp and mould as well as heating & ventilation failures. Switchee is primarily a software and insights business, but to access this real-time data, they reinvented a ubiquitous household object – the thermostat. They have created an internet connected product that reduces energy bills, acts as a two-way communication platform with the resident and collects environmental data that drives an insights engine, landlord dashboard and API.
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.