OPOWER operates a SaaS customer engagement platform that uses data analytics to evaluate household energy-usage patterns without installing hardware inside homes. The solution applies behavioral science techniques and a multi-channel communication strategy to engage households to take energy-saving actions. It serves electric and gas utilities and at the time of the article worked with 45 utilities across the U.S., including seven of the country’s ten largest energy providers. The company plans to use the $50M strategic financing to expand and accelerate product development and add new products and features to its SaaS platform in 2011. Founded in 2007 and based in Arlington, VA, OPOWER positions its software as an alternative to in-home hardware for utilities.

Total raised

$50M

Funding rounds

1

Latest round

Series C

Latest activity

Nov 2010