Bidgely Secures US$8 Million Financing from CIBC Innovation Banking to Accelerate Growth

Funding Rounds

▤ Summary

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--CIBC Innovation Banking is pleased to announce a US$8 million growth capital financing for cloud-based energy analytics software provider, Bidgely. “Bidgely has ingrained itself as a trusted business intelligence partner in the utility and energy sector,” said Amy Olah, Executive Director in CIBC Innovation Banking’s Toronto office. With offices in Atlanta, Austin, Chicago, Denver, Menlo Park, Montreal, Reston, Toronto and Vancouver, the team has extensive experience and a strong, collaborative approach that extends across CIBC’s commercial banking and capital markets businesses in the U.S. and Canada. Bidgely is an AI-powered SaaS Company that enables utilities to create greater business value and accelerate our path towards zero carbon by delivering personalized customer experience. With roots in Silicon Valley, Bidgely has over 15 energy patents, $50M+ in funding, retains 30+ data scientists, and brings a passion for AI to utilities serving residential customers around the world.

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Amount - Total raised
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Date September 25, 2020 Announcement date
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Investors - Lead investors
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Company - Funded company

▥ Classifications

industries
Manufacturing Industry
applications
Business Intelligence

◇ AskAI Classifications

Labels
Energy Analytics Software AI and Machine Learning Software Utility Software

▦ Linked Companies

Bidgely
$10M to $25M