TrueMeter offers an AI energy-savings platform that combines automated rate optimization, consolidated billing, predictive analytics and real-time operational intelligence for restaurants, retailers and hospitality chains. The platform automates instant switching to lower electricity rates, collective gas procurement, rate-plan optimization and automated utility bill auditing, and it can detect energy theft and equipment inefficiencies via anomaly detection. TrueMeter delivers 7–15% savings with zero upfront investment and has reported $3M+ in customer savings while processing millions in gross energy spending. Since launching in March 2024 the company has grown to serve over 500 business locations, including customers such as Yoshinoya, Fresh Direct, Misfits Markets and Local Kitchens. The company plans to use the new funding to expand its engineering team, accelerate customer acquisition, and further enhance its AI-powered optimization platform. TrueMeter was founded in 2023 by Stanford graduates Ali Sarilgan and Dr. Ozge Islegen-Wojdyla and is based in San Francisco.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

Sep 2025