PlotWatt Raises $1M in Seed Funding
Summary
PlotWatt, a Durham, North Carolina-based developer of personalized smart meter data analysis solutions designed to help individuals and businesses reduce energy bills, has secured $1m in seed funding.The company intends to use the funds to scale its platform to target both the commercial and residential markets.PlotWatt’s cloud-based algorithms analyze smart meter data and provide insight, feedback and recommendations on ways for both individuals and commercial establishments to save on energy.The recently launched commercial product for multi-location establishments, such as chain restaurants, analyzes energy consumption, identifies waste and communicates opportunities for energy bill savings.Its offering includes analysis and recommendations – delivered via Web, email, mobile and SMS.