Bidgely, a Mountain View, Calif.-based developer of electrification and decarbonization innovations, closed a $26M round of strategic financing.
The round was led by Moore Strategic Ventures (MSV), with participation from Accurant International, an investment venture of Bahman Hoveida, co-founder and ex-CEO of Open Systems International, and existing investors, such as Future Energy Ventures, Georgian and Constellation Technology Ventures.
The company intends to use the funds to continue innovating around decarbonization and beneficial electrification solutions for both utilities and their customers. This includes digital customer engagement and home energy reports (HERs) as well as grid load management and load research advancements. The company will also continue integration strategies with partners like Salesforce, Itron and more.
Led by CEO Abhay Gupta, Bidgely provides an AI-powered SaaS clean energy software platform enabling energy companies and consumers to make data-driven energy-related decisions. Powered by its patented technology, Bidgely’s UtilityAI™ Platform transforms multiple dimensions of customer data – such as energy consumption, demographic, and interactions – into actionable consumer energy insights. It leverages these insights to empower each customer with personalized recommendations, tailored to their individual personality and lifestyle, usage attributes, behavioral patterns, purchase propensity, and beyond. From a Distributed Energy Resources (DER) and Grid Edge perspective, whether it is smart thermostats to EV chargers, solar PVs to time-of-use (TOU) rate designs and tariffs; UtilityAI™ energy analytics provides deep visibility into generation, consumption for better peak load shaping and grid planning, and delivers targeted recommendations for new value-added products and services.
Bidgely partners with nearly 40 global utilities and energy retailers to glean valuable customer energy insights using data from smart meters already installed in the home.
FinSMEs
16/09/2021