AlertMe builds a Home Area Network (HAN) and cloud-based platform that provides two-way communication for real-time monitoring, control, automation and analytics. The platform lets consumers manage and control the home over the internet and via smartphones. AlertMe says its system can help users save roughly 15–20% on energy bills by making consumption visible and encouraging behavior change. The company has a strategic partnership with British Gas, which will deploy AlertMe products to its UK customers and roll out two million smart meters by 2012 under a notional £20m deal. AlertMe plans to use the new funding to expand its partner and channel program in the UK, Europe and the USA and to extend its platform. The startup recently closed a second funding round totaling £15 million, bringing in new strategic investment from British Gas alongside existing backers. AlertMe sells a home energy kit plus a subscription-based web service that retrofits hardware similar to smart meters so users can measure and track their home energy use online. The company launched the Swingometer, a simple visualization that updates every ten minutes and compares the past 24 hours of usage against expected behaviour. Swingometer includes regional comparisons via a heat map that links to discrete area-specific displays. AlertMe’s service also ties into Google Powermeter, which opened to UK users in October. The product is positioned around consumer energy conservation and real-time-ish monitoring for households. Financially, the company is venture-backed and has raised capital to support its product rollout and service expansion.

Total raised

$37M

Funding rounds

2

Latest round

Equity

Latest activity

Oct 2010