Bidgely Raises $26M in Funding

Funding Rounds

▤ Summary

Bidgely, a Mountain View, Calif.-based developer of electrification and decarbonization innovations, closed a $26M round of strategic financing. The company intends to use the funds to continue innovating around decarbonization and beneficial electrification solutions for both utilities and their customers. The company will also continue integration strategies with partners like Salesforce, Itron and more. 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. 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.

$ Funding

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Amount $26.0M Total raised
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Date September 14, 2021 Announcement date
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Investors - Lead investors
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Company http://www.bidgely.com 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