About Encored Technologies
Encored Technologies is a company based in Seoul (South Korea) founded in 2013 by John Choe. Encored Technologies has raised $16.3 million across 2 funding rounds from investors including LG Uplus and Stonebridge Capital. Encored Technologies offers products and services including iDERMS VPP, iDERMS PPC, and iDERMS Microgrid. Encored Technologies operates in a competitive market with competitors including Danfoss, Itron, Franklin Energy, Voltus and Sense, among others.
- Headquarter Seoul, South Korea
- Founders John Choe
- SectorsBusiness ServicesEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website encoredtech.com/ko
- Social LinkedIn X Facebook
- Legal Name Encored Technologies Co., Ltd.
- Annual Revenue$2.86 M (USD)-26as on Dec 31, 2022
- Net Profit$1.66 M (USD)216as on Dec 31, 2022
- EBITDA$1.78 M (USD)189as on Dec 31, 2022
- Total Equity Funding$16.3M (USD)
in 2 rounds
- Latest Funding Round$10M (USD), Series B
Dec 2015
- InvestorsLG Uplus
& 1 more
Products & Services of Encored Technologies
Encored Technologies offers a comprehensive portfolio of products and services, including iDERMS VPP, iDERMS PPC, and iDERMS Microgrid.
System for integrated virtual power plant control and optimization.
Automated tool for managing settlements in multiple power plants.
Platform for monitoring and controlling microgrid operations efficiently.
Funding Insights of Encored Technologies
Encored Technologies has successfully raised a total of $16.3M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $10 million completed in December 2015. 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 $16.3M
- Total Rounds 2
- Last Round Series B — $10M
- First Round $6.3M
(Oct 2014)
- Investors Count 2
All 2 funding rounds of Encored Technologies with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2015 | $10M | Series B | – | – | |
| Oct 2014 | $6.3M | Series A | – | – |
2 investors in total: 2 institutional.
Investors in Encored Technologies
Encored Technologies has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include LG Uplus and Stonebridge Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage tech and life sciences focused VC & PE firm | – | stonebridge.co.kr | Seoul, South Korea | |
Mobile, TV, and IoT services are provided by LG Uplus. | 1996 | uplus.co.kr | Seoul, South Korea |
Investor details for Encored Technologies
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People of Encored Technologies
9 people are tracked at Encored Technologies (7 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
John Choe | Founder & CEO | Leadership |
Geunok Lim | CTO | Leadership |
Seonjeong Lee | Head of Algorithms | Leadership |
Junghyun Cho | CFO | Leadership |
Jongwoong Choe | CEO | Leadership |
Seyong Lee | CMO | Leadership |
Hyoseop Lee | VP of Product | Leadership |
Hyeonseok Yang | Senior Backend Developer | Team |
Jaeryun Lim | Senior Data Scientist | Team |
Complete people profiles for Encored Technologies
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Timeline of Encored Technologies
3 dated milestones of Encored Technologies across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Encored Technologies is founded.
- Funding First funding round of $6.3M.
- Funding Latest funding round, Series B, of $10.0M.
Competitors of Encored Technologies
Encored Technologies 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 Danfoss, Itron, Franklin Energy, Voltus and Sense, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| danfoss.com | 1933 | Nordborg, Denmark | $41.22M | 27,491 | Manufacturer of energy efficiency products | |
| itron.com | 1977 | Liberty Lake, United States | – | 5,859 | Cloud-based end-to-end solutions for smart grids are provided. | |
| franklinenergy.com | 1994 | Milwaukee, United States | – | 641 | Energy efficiency programs are designed for utilities and municipalities. | |
| voltus.co | 2016 | Boston, United States | $66.24M | 172 | Provider of demand response solutions for industrial and commercial applications | |
| sense.com | 2013 | Cambridge, United States | $194.59M | 110 | AI-driven energy monitoring via sensors and mobile apps is provided. | |
| leap.energy | 2017 | San Francisco, United States | $58.01M | 49 | Leap is focused on virtual power plant solutions. | |
| sidewalklabs.com | 2015 | New York, United States | $5M | – | Building energy and transportation management solutions are provided. | |
| lancium.com | 2014 | Houston, United States | $650M | 80 | Cloud-based portfolio management software is provided for renewable energy. | |
| submer.com | 2015 | Barcelona, Spain | $89.5M | – | Immersion cooling systems for data centers are provided. | |
| greenely.com | 2014 | Stockholm, Sweden | $15.77M | – | Provider of the mobile application for household energy consumption monitoring |
Detailed competitors of Encored Technologies
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Web traffic of Encored Technologies
The website of Encored Technologies (encoredtech.com) receives about 2.8K visits a month.
- Monthly visits2.8K
▼ 29% vs previous month
Latest news on Encored Technologies
Complete news archive for Encored Technologies
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Similar companies to Encored Technologies
10 companies that operate in the same segment as Encored Technologies (Facility Management Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based software is provided for managing outdoor events and activities. | 1999 | Dallas, Texas, United States | USD 313.84 M | – | 2,458 | |
Provider of smart thermostats for commercial and residential applications | 2007 | Toronto, Ontario, Canada | USD 151.52 M | – | – | |
Envoy is recognized for providing workplace management solutions. | 2013 | San Francisco, California, United States | USD 170.5 M | – | – | |
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | – | 109 | |
Cloud-based video intercoms and physical security systems are provided. | 2000 | Tysons, Virginia, United States | USD 137.36 M | USD 1.01 B | 2,009 | |
Provider of interior design, product supply, and project management services for facilities | 2011 | Mumbai, Maharashtra, India | USD 21.3 M | USD 10.46 M | 292 | |
End-to-end energy management solutions are provided for utilities worldwide. | 1896 | Zug, Zug, Switzerland | USD 1.03 B | USD 1.17 B | 6,300 | |
Corporate workplace and cafeteria digitization solutions are provided. | 2014 | Bengaluru, Karnataka, India | USD 2.24 M | USD 24.03 M | 594 | |
Cloud and app-based facility management and service automation platform | 1999 | New York, New York, United States | USD 56 M | – | – | |
SaaS-based CAFM software is delivered for commercial facility management. | 1995 | Leicester, England, United Kingdom | USD 23.43 M | USD 98.38 M | 774 |
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Frequently Asked Questions about Encored Technologies
Encored Technologies was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Encored Technologies is headquartered in Seoul, South Korea.
John Choe is the current CEO of Encored Technologies. They have also founded this company.
Encored Technologies is a funded company, having raised a total of $16.3M across 2 funding rounds to date. The company's 1st funding round was a Series A of $6.3M, raised on Oct 2014.
Annual revenue of Encored Technologies is $2.86M as on Dec 31, 2022.
Encored Technologies was founded in 2013 in Seoul, South Korea, and operates in the energy technology sector. An AI and cloud-based platform is provided for demand response management, including energy-saving solutions to optimize electricity usage. Enertalk, an internet-connected energy meter, is offered to track household consumption, with data displayed via an Android app. Additional services encompass forecasting, disaggregation, and solar PV load optimization.
Encored Technologies offers iDERMS VPP, iDERMS PPC, and iDERMS Microgrid.
Encored Technologies has 2 investors. Key investors include LG Uplus, and Stonebridge Capital.
Encored Technologies operates through Encored Technologies Co., Ltd..