PlotWatt helps consumers save money on electricity bills by providing customized, actionable recommendations. Its cloud-based algorithms analyze smart meter data to estimate appliance-level energy costs without monitoring individual appliances. The PlotWatt Energy Dashboard presents those insights as easy-to-understand feedback and recommendations. Beta users have cut their bills by as much as 50%. According to SEC filings cited in the article, PlotWatt has raised $3 million in capital. The company is based in Durham, NC. PlotWatt develops cloud-based algorithms that analyze smart meter data and provide insight, feedback and recommendations to reduce energy bills. The company offers a commercial product for multi-location establishments that analyzes energy consumption, identifies waste and communicates savings opportunities via Web, email, mobile and SMS. Its residential product is currently in beta. PlotWatt intends to use the funds to scale its platform to target both the commercial and residential markets. The company secured $1M in seed funding led by Felicis Ventures and also received a $100K grant from GE’s Ecomagination Challenge. The new capital will support expansion of its offerings and deployment to chain restaurants and other multi-location businesses.

Total raised

$4M

Funding rounds

3

Latest round

Equity

Latest activity

Jul 2012