Verdigris Raises $6.7M in Series A Funding

Funding Rounds

▤ Summary

Verdigris, a San Francisco, CA-based provider of an artificial intelligence and IoT platform for smart buildings, raised an additional $6.7m in Series A funding.The round was led by Jabil – which also plans to roll out Verdigris’ AI energy sensor platform in a number of its largest manufacturing sites – with participation from Verizon Ventures, Stanford StartX Fund and existing angels.Led by co-founder and CEO Mark Chung, Verdigris is an artificial intelligence and IoT platform which combines proprietary hardware sensors, machine learning, and software to make buildings smarter and more connected while reducing energy consumption and costs.The software produces reports including energy forecasts, alerts about faulty equipment, maintenance reminders, and energy usage information for each and every device and appliance.The company’s suite of applications gives building engineers an overview, an “itemized utility bill”, reporting, and automation tools for their facility.

$ Funding

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Amount $6.7M Total raised
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Date October 20, 2016 Announcement date
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Investors Verizon Ventures Lead investors
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Company http://www.verdigris.co Funded company

▥ Classifications

industries
Hospitality
applications
AI & Machine learning

◇ AskAI Classifications

Labels
Energy Management Software IoT Device Management Analytics Software

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