Innowatts

Innowatts is a leading provider of AMI-enabled predictive analytics and AI-based solutions for utilities, energy retailers and smart energy communities.

Innowatts's vision is to remove up to 30% of the cost of energy and services out of the energy value chain while helping customers reduce their energy bills.

Innowatts was founded in 2014 by Siddhartha Sachdeva & Akhlak Ahmed. The company is headquartered in Houston, Texas with additional offices in New York and Delhi.

Innowatts' unique advantage lies in our “bottom-up” approach to understanding and predicting customer consumption behavior and translating that insight into a powerful stream of actionable intelligence. The company's systems combine active data from utility smart meters with a wide array of internal and external variables, allowing them to create disaggregated views of customer consumption without any additional investment in sub-metering or device level monitoring. 

Innowatts offers, Innowatts eUtility™, an integrated cloud-based platform that helps utilities and energy providers quickly harness the power of their customer energy intelligence, and extend that value to every part of the energy operating model through a powerful suite of AI enabled business applications.

 

The Innowatts eUtility™ technology platform has enabled over 21 million + energy consumers and their energy providers with access to lower energy costs and a more reliable and personalized energy experience.

 

Innowatts is backed by Shell Technology Ventures, Energy Impact Partners,  Iberdrola and Energy, Environment Investment (Japan) and others. The company raised $18.2M from its latest "Series B" financing on May 13, 2019. The round brings Innwatts' total funding to $24.2M to date.

 

 

  • Year founded: 2014
  • Funding Info: $24.2M over 2 Rounds of Funding (Last Funding Type: Series B)
  • Yearly Revenue: $5M-$10M (2018)
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Houston
  • State: Texas
  • Country: United States
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