Innowatts builds an automated software toolkit for energy monitoring and management aimed at utilities. Its technology analyzes meter data from 21 million customers across 13 regional energy markets. The company says it consumes the largest body of customer intelligence data used by a software company. Innowatts uses that data to predict potential outages or problems caused by surges in energy demand so utilities can dispatch resources and preserve reliability. Its software is positioned to help utilities adapt to new renewable power, intermittent energy sources, and stresses on grid assets from natural disasters. The company recently raised new funding to support its continued role in the software-driven, intelligent grid transition. Led by CEO Siddhartha Sachdeva, Innowatts offers the PowerEASE™ platform that analyzes energy consumption data along with other variables to help energy providers optimize costs and build personalized energy products and services. The solution is deployed across multiple energy markets and processes data from over 12 million energy meters. The company focuses on digital transformation for utilities through its energy analytics and e-Utility solution suite. Innowatts intends to use the new funding to strengthen its global presence and drive product innovation across its platform. The article does not disclose revenue or profitability metrics.

Total raised

$24M

Funding rounds

2

Latest round

Series B

Latest activity

May 2019