Correlate

San Francisco, United States Founded: 2015 • Age: 11 yrs
Energy management solution for businesses to meet ESG goals
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About Correlate

Correlate is a company based in San Francisco (United States) founded in 2015 by Todd Michaels.. Correlate has raised $2.5 million across 1 funding round. Correlate offers products and services including Energy Platform and Custom Energy Strategy. Correlate operates in a competitive market with competitors including Watershed, Clarity AI, GRESB, Purpose ESG and PortF, among others.

  • Headquarter San Francisco, United States
  • Founders Todd Michaels
  • Sectors
    Technology
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Technology → Marketing, Adtech & Commerce Technology → →
Key Metrics
  • Annual Revenue
    $3.4 M
    3357
    as on Dec 31, 2022
  • Net Profit
    $-106.18 K
    -19
    as on Dec 31, 2020
  • EBITDA
    $68.08 K
    0
    as on Dec 31, 2022
  • Total Equity Funding
    $2.5 M (USD)

    in 1 rounds

  • Latest Funding Round
    $2.5 M (USD), Seed

    Jun 21, 2023

  • Investors
  • Employee Count
    Employee Count
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Products & Services of Correlate

Correlate offers a comprehensive portfolio of products and services, including Energy Platform and Custom Energy Strategy. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Monitors building metrics to optimize energy use and cut costs effectively.

Develops tailored plans for energy improvements without upfront investment.

Funding Insights of Correlate

Correlate has successfully raised a total of $2.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.5 million completed in June 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding
  • Total Rounds 1
  • Last Round Seed — $2.5M
  • First Round

    (21 Jun 2023)

  • Investors Count
Date Amount Transaction Name Valuation Lead Investors Investors
Jun, 2023 Amount Seed - Correlate Valuation

investors
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Investments & Acquisitions by Correlate

Investments
Company Name Description Domain Location Founded Year Amount
Bento Cloud
Bionic investment advisor platform
2016
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Correlate

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Correlate Comparisons

Employees
+
Add Comparison
Available on Premium

Competitors of Correlate

Correlate operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Watershed, Clarity AI, GRESB, Purpose ESG and PortF, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
Watershed
domain founded_year HQ Location
Platform for enterprise sustainability measurement, reporting, and action is provided.
Clarity AI
domain founded_year HQ Location
AI-powered sustainability data and compliance solutions are provided.
GRESB
domain founded_year HQ Location
ESG property sustainability management solutions are provided for real estate.
Purpose ESG
domain founded_year HQ Location
Online investment platform for ESG investing
PortF
domain founded_year HQ Location
Automated investment management and financial services are provided to investors.
Company Name Domain Founded year HQ Location Description
inDrive
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
Bolt
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
Gojek
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
Dunzo
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Correlate

Frequently Asked Questions about Correlate

When was Correlate founded?

Correlate was founded in 2015 and raised its 1st funding round 8 years after it was founded.

Where is Correlate located?

Correlate is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.

Who is the current CEO of Correlate?

Todd Michaels is the current CEO of Correlate. They have also founded this company.

Is Correlate a funded company?

Correlate is a funded company, having raised a total of $2.5M across 1 funding round to date. The company's 1st funding round was a Seed of $2.5M, raised on Jun 21, 2023.

What is the annual revenue of Correlate?

Annual revenue of Correlate is $3.4M as on Dec 31, 2022.

What does Correlate do?

Correlate was founded in 2015 in San Francisco, United States, within the energy management sector. Solutions are delivered to help businesses meet ESG objectives through end-to-end project management for energy teams. Customized strategies are created to align with existing portfolios, with performance metrics monitored, measured, and optimized to support operational efficiency.

Who are the top competitors of Correlate?

Correlate's top competitors include Watershed, Clarity AI and GRESB.

What products or services does Correlate offer?

Correlate offers Energy Platform and Custom Energy Strategy.

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