Verdigris

Verdigris

Energy management solutions using AI and sensors

About Verdigris

Simplify's Rating
Why Verdigris is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Differentiation

Industries

Energy

AI & Machine Learning

Company Size

51-200

Company Stage

Early VC

Total Funding

$48.4M

Headquarters

Mountain View, California

Founded

2012

Overview

Verdigris offers energy management solutions for commercial real estate, data centers, hospitality, logistics, and manufacturing. By using advanced sensors and AI algorithms, the company provides detailed data on energy consumption, allowing businesses to monitor and optimize their usage. Unique features include early detection of equipment issues and Adaptive Automation, which adjusts HVAC controls based on usage patterns to save energy. Verdigris aims to help clients reduce energy costs and improve the reliability of their electrical systems.

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Simplify's Take

What believers are saying

  • Verdigris raised $10M to accelerate AI-powered platform adoption in carbon-intensive enterprises.
  • The smart building technologies market is projected to reach $121.6 billion by 2026.
  • Partnership with Leap enhances Verdigris' virtual power plant capabilities and grid flexibility.

What critics are saying

  • Emerging startups in AI-driven energy management could erode Verdigris' market share.
  • Rapid technological advancements may render Verdigris' solutions obsolete if not updated.
  • Potential cybersecurity vulnerabilities in IoT devices could affect client trust and compliance.

What makes Verdigris unique

  • Verdigris offers real-time energy monitoring with AI-driven insights for commercial buildings.
  • Their Building.AI platform provides detailed, circuit-level data on energy consumption.
  • Verdigris' Adaptive Automation feature optimizes HVAC controls for energy efficiency.

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Funding

Total Funding

$48.4M

Above

Industry Average

Funded Over

4 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

0%

2 year growth

-4%
Finsmes
Aug 21st, 2023
Verdigris Raises $10M in Funding

Verdigris raises $10M in funding.

EIN News
Aug 17th, 2023
Verdigris Secures $10 Million from DCVC and Solea Energy

New funding will accelerate adoption of the AI-powered energy management platform across carbon-intensive enterprises

Global Environment Watch
Aug 16th, 2023
Verdigris Secures $10 Million from DCVC and Solea Energy

Paul Morris, Chief Strategy Officer at Solea Energy, will be joining Verdigris' board of directors.

Verdigris
Dec 19th, 2022
Announcing the New Verdigris Analytics Dashboard | Blog

Verdigris Technologies, Inc. is excited to release the new Verdigris Analytics dashboard, following extremely positive feedback from customers during the beta period.

Verdigris
Dec 14th, 2021
Verdigris partnered with Leap on Dec 14th 21'.

Verdigris Technologies today announced a partnership with Leap, a leading energy market access provider, in an effort to expand its next-generation Verdigris Energy Network, also known as a virtual power plant (VPP).

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