WattIQ is an innovative startup that aims to revolutionize energy efficiency and asset management. Founded in 2013 and headquartered in the United States, the company's slogan, "Powering the future of asset-light and energy efficient enterprises," encapsulates its mission. The company provides an enterprise-grade IoT solution that enables the mining of data from every electrical device within a business simply by plugging it in. This unique approach of connecting previously unconnected electrical assets through smart plugs allows for monitoring utilization, health, energy usage, and location. One of the key strengths of WattIQ is its system's manufacturer- and device type-agnostic nature, scalable from tens to thousands of assets within a building or across multiple sites. The last major investment in WattIQ was a Convertible Note investment on 14 August 2018, and it came from Keiretsu Capital. The promising potential of the company's insights is evident in their ability to help customers optimize asset sharing, make critical procurement and maintenance contract decisions, prevent unplanned device failures, and protect valuable products and scientific endeavors. In conclusion, WattIQ presents an intriguing proposition with its cutting-edge technology, positioning itself at the forefront of energy efficiency. The recent investment further validates the confidence of Keiretsu Capital in the potential of WattIQ, marking a significant milestone for the company's growth and development in the energy efficiency industry.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Convertible Note | Unknown | 1 | 14 Aug 2018 | |
Series A | $2.50M | 1 | 07 Dec 2016 | |
Series A | Unknown | 1 | 19 Jan 2016 | |
Venture Round | Unknown | 1 | 01 May 2015 | |
Debt Financing | $450.00K | - | 16 Jan 2015 |
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