Therma provides a cooling intelligence platform that uses artificial intelligence, IoT sensors, and equipment controls to reduce energy usage, prevent food waste, and lower carbon emissions. The company is headquartered in San Francisco, CA, and is led by CEO and founder Manik Suri. Therma is deployed with over a thousand customers across restaurants, hospitality, education, and food manufacturing, including McDonald’s, Domino’s, Marriott Hotels and NOW Foods. The company raised $19M in a Series A funding round. The round was led by Zero Infinity Partners with participation from Deciens Capital, CityRock Venture Partners, Homecoming Capital, Ananta Capital, Kindergarten Ventures, Collaborative Fund, and Govtech Fund. Therma intends to use the funds to expand operations and its business reach. Therma builds IoT-powered temperature monitoring and analytics solutions designed to prevent food, product, and energy waste. The company serves the food, restaurant, healthcare, hospitality, and manufacturing industries and has partnered with national restaurant brands and supply chain leaders in food and healthcare. Led by founder and CEO Manik Suri, Therma emphasizes linking sustainability and profitability through its technology and community efforts. Therma is the creator of Point 01, a climate-oriented community-building initiative that brings together entrepreneurs, investors, scientists, and engineers. The company closed a $10.2M funding round and intends to use the proceeds to continue expanding operations and its business reach.

Total raised

$29M

Funding rounds

2

Latest round

Series A

Latest activity

Feb 2023