Energyworx provides a cloud-based Energy Data Management (EDM) platform that enables utilities to monetize large volumes of diverse data from smart meters, IoT devices, EV chargers, solar panels and more. The platform offers a solid data foundation and several solutions, including Cloud Meter Data Management, Load Forecasting, Predictive Maintenance and Energy Deal Analytics. Led by CEO Marcel E. Smit, the company is based in Hoston, TX and Hoeten, The Netherlands. Energyworx raised €5.1M in funding and intends to use the proceeds to scale the platform and accelerate international growth. The company’s investor base for this round includes Eneco Ventures, with participation from SET Ventures, ENGIE New Ventures and EDP Ventures. Energyworx offers a Software-as-a-Service Energy Data Management platform that includes Cloud Meter Data Management and Energy Deal Analytics. The platform powers a variety of cloud-based, utility-specific applications designed to understand and predict customer consumption patterns. Marcel E. Smit is the company’s CEO. Energyworx operates out of Houston, Texas, USA and Houten, The Netherlands. The article notes the company received a strategic investment but does not disclose financial details. No operating metrics or future product plans are provided in the article. Energyworx is a Houten, The Netherlands and Houston, Texas, USA-based provider of an Energy Data Management platform for utility companies to navigate and monetize the energy transition. The company provides SaaS-based Intelligent Meter Data Management solutions to monetize diverse smart meter data. Its platform powers cloud-based, utility-specific applications to understand and predict customer consumption patterns. Energyworx is led by Marcel E. Smit (CEO) and Pieter Ennes (CTO). The company raised €1m in a Series A extension to support a strategic partnership with EDP and to accelerate Industry 4.0 adoption within the utility sector. Energyworx intends to use the funds to scale development and accelerate international growth across the US and European markets. Energyworx offers a SaaS platform for energy data management and energy intelligence, using big data and machine learning to help utility companies navigate and monetize the energy transition. The platform is built on a NoOps, server-less architecture and operates with a continuous release cycle. Energyworx targets utility customers with tools to analyze and operationalize energy data. The company is led by newly appointed CEO Marcel E. Smit and Chief Visionary Officer and founder Edwin Poot. Energyworx maintains operations in Houten, The Netherlands, and San Francisco, CA. It recently raised funding to accelerate growth and scale its U.S. and European operations, including opening a new San Francisco office.

Total raised

$8M

Funding rounds

4

Latest round

Equity

Latest activity

Jul 2021