Cleartrace is an Austin-based carbon and energy management software company that provides 100% traceable, actionable hourly energy and carbon records. Its platform surfaces previously unseen energy data for renewable energy buyers and suppliers and enables load-matched renewable energy purchases or sales. The product is targeted at real estate owners, investors, data centers, and renewable energy suppliers, and is used to provide auditable, assurance-ready proof of decarbonization. Cleartrace counts customers and partners including JPMorgan Chase, Iron Mountain, Brookfield Properties, NextEra, and Brookfield Renewable, and has been selected to support decarbonization at major sites such as Iron Mountain’s U.S. data centers and One Manhattan West. The company emphasizes standardized, validated hourly carbon-intensity data to help clients report, comply with local environmental policies, and demonstrate achievement of decarbonization goals. ClearTrace offers an automated energy and carbon accounting platform that provides auditable, around-the-clock monitoring of energy generation and consumption. Its platform creates verifiable digital records and can track third-party energy supply, power purchase agreements, demand response, and behind-the-meter assets. ClearTrace uses cloud technology to digitize the energy supply chain and deliver granular, high-fidelity, real-time carbon impact data. The company targets multinational corporations, financial services firms, real estate holding companies, and competitive energy suppliers, and cites customers including JPMorgan Chase and Brookfield Renewable. ClearTrace recently rebranded from swytchX and plans to accelerate market adoption and deploy additional market-driven solutions. It raised $4 million in Series A financing to support that growth.

Total raised

$24M

Funding rounds

2

Latest round

Equity

Latest activity

Jun 2022