Vutiliti develops real-time, high-resolution energy monitoring solutions centered on its proprietary HotDrop™ wireless LoRaWAN energy meter and a cloud-connected insights management system. The HotDrop™ meter installs in under two minutes without wires, batteries, or de-energizing circuits, and streams location-specific data to enable timely operational and efficiency improvements. Vutiliti positions its product to help customers lower utility expenses, reduce greenhouse gas emissions, and mitigate equipment-failure risks through fast, actionable data. The company says its platform addresses the challenge of obtaining affordable, real-time energy measurement at scale for retail and commercial customers. Vutiliti intends to use new funding to accelerate global expansion and continue development of its HotDrop™ technology and utility monitoring systems. Steve Ellis, CEO and founder, emphasizes leveraging IoT to turn data into actionable information that improves customers’ sustainability performance and bottom line.

Total raised

$12M

Funding rounds

1

Latest round

Series A

Latest activity

Apr 2020