About Intellihot
Intellihot is a Business Services company based in Galesburg (United States) founded in 2005, and was acquired by Zurn Elkay in July 2026. Provider of app-based tankless water heater systems. It operates in the Business Services and Energy & Utilities sectors. Intellihot has raised $65.46 million across 10 funding rounds from investors including Avenue Capital Group, Zurn Elkay Water Solutions and Aegon Asset Management. The company has 83 employees. Its website intellihot.com draws about 14 thousand monthly visits. Intellihot offers products and services including iSeries, iQ Wall, Neuron, Electron Series, and The Legionator. Its focus areas include Energy Tech, Energy Efficiency Tech, Thermal Products and HVAC. Its legal entity is INTELLIHOT GREEN TECHNOLOGIES INC. Its competitors include GridPoint, Swell Energy and Cielo WiGle; 3 of its 3 listed competitors have raised funding.
Company details
Intellihot was established in 2005 in Galesburg, United States, focusing on the water heating sector. Tankless water heater systems are supplied for both residential and commercial settings. Product lines encompass the iQ series, Neuron, i-Series, and additional models. System control is enabled through an Android-compatible app. Operations center on innovative, efficient heating solutions distributed via the companys domain, intellihot.com.
- Headquarters Galesburg, United States
- Employees 83
- Stage Acquired
- SectorsBusiness ServicesEnergy & Utilities
- Website intellihot.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Zurn Elkay (Jul 2026)
- Legal Name Intellihot Green Technologies Inc.
- Total Equity Funding$65.46M (USD)
in 10 rounds
- Latest Funding Round$50M (USD), Series B
Dec 2021
- InvestorsAvenue Capital Group
& 10 more
- Employee Count83
- Acquired byZurn Elkay
(Jul 2026)
Products & Services of Intellihot
Intellihot offers a comprehensive portfolio of products and services, including iSeries, iQ Wall, Neuron, Electron Series, and The Legionator.
Efficient gas tankless heater for on-demand commercial hot water.
Wall-mounted unit for reliable energy-saving water heating.
Floor-based system for high-demand commercial applications.
Sustainable electric tankless heaters reducing carbon emissions.
Specialized unit for advanced water heating in facilities.
Funding Insights of Intellihot
Intellihot has successfully raised a total of $65.46M across 10 strategic funding rounds. The most recent funding activity was a Series B round of $50 million completed in December 2021. 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 $65.46M
- Total Rounds 10
- Last Round Series B — $50M
- First Round $53,410
(May 2009)
- Investors Count 10
All 10 funding rounds of Intellihot 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 2021 | $50M | Series B | – | Aegon Am, Avenue Capital Group | |
| Feb 2017 | $2.35M | Series A | – | – | – |
| Nov 2015 | $5M | Series A | – | – | – |
| Jul 2015 | $1M | Series A | – | E8 | – |
| Jan 2015 | $2M | Series A | – | – | – |
| Oct 2014 | $400,000 | Grant | – | – | |
| Jan 2014 | $4.72M | Series A | – | Cornerstone Angels, Independence Equity | – |
| Oct 2012 | $325,000 | Seed | – | – | – |
| Jul 2010 | $675,000 | Debt – Conventional | – | – | |
| May 2009 | $53,410 | Seed | – | – | – |
11 investors in total: 11 institutional.
Investors in Intellihot
Intellihot has secured backing from 11 investors, including institutional and venture fund investors. Prominent investors backing the company include Avenue Capital Group, Zurn Elkay Water Solutions and Aegon Asset Management.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified investments in distressed debt and securities are managed globally. | 1995 | avenuecapital.com | New York, United States | |
Venture capital is provided for critical industries by Earth Foundry. | 2012 | energyfoundry.com | ||
Impact-focused growth equity investments are made in sustainable industrial solutions. | waveep.com | Boston, USA | ||
| independence-equity.com | ||||
| centralillinoisangels.com | ||||
Climate tech startups are supported through funding and resources. | evergreeninno.org | Chicago, United States | ||
Early-stage investments in cleantech companies are provided by E8. | e8angels.com | Seattle, United States | ||
Financial capital and mentorship are provided by Cornerstone Angels. | cornerstoneangels.com | Chicago, United States | ||
Aegon Asset Management is engaged in global investment management. | aegonam.com | Amsterdam, Netherlands | ||
| galesburg.il.us |
Investor details for Intellihot
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Intellihot
16 people are tracked at Intellihot (2 in leadership, 3 in board & advisors, 11 in team); the tracked headcount is 83.
| Name | Role | Group |
|---|---|---|
Siva Chinnasamy | Vice President Of Engineering | Leadership |
Mike Gonzales | Chief Engineer | Leadership |
Jonathan Silver | Board Member | Board & advisors |
Praveen Sahay | Board Member | Board & advisors |
Mike Reardon | Board Member | Board & advisors |
Zach Hamel | Mechanical System Engineer | Team |
Parth Trivedi | Electronics Engineer | Team |
Neha Krösswang-Ridler | Lead Systems Architect | Team |
Max Said | Ui/ux Engineer | Team |
Venkatesan Ayyalu | Sr. Embedded Controls Sw Engineer | Team |
Tom Rose | Senior Application Engineer | Team |
Matthew Simons | National Sales Manager | Team |
Daniel Chung | Field Systems Engineer | Team |
Sandy Zerwas | Controller | Team |
Kristin Heywood | National Account Manager | Team |
Will Griggs | Central Regional Sales Manager | Team |
Complete people profiles for Intellihot
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Timeline of Intellihot
4 dated milestones of Intellihot across 21 years, from founding to its latest funding, stage changes and deals.
- Founded Intellihot is founded.
- Funding First funding round of $53K.
- Funding Latest funding round, Series B, of $50.0M.
- Exit Acquired by Zurn Elkay.
Competitors of Intellihot
Intellihot has 3 listed competitors in our database, 3 of them funded. They include GridPoint, Swell Energy and Cielo WiGle.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| gridpoint.com | 2003 | Reston, United States | $584.31M | 192 | Provider of data-driven energy management solutions | |
| swellenergy.com | 2014 | Santa Monica, United States | $133.64M | 111 | Reseller and installer of energy storage devices | |
| cielowigle.com | 2014 | Redmond, United States | $750,000 | Connected solutions for remote AC monitoring and control are provided. |
Detailed competitors of Intellihot
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- Full competitor set
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- Benchmarks
- Competitive positioning
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Web traffic of Intellihot
The website of Intellihot (intellihot.com) receives about 13.8K visits a month.
- Monthly visits13.8K
▲ 18.2% vs previous month
Websites whose visitors overlap most with Intellihot. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
bradfordwhiterightspec.com | bradfordwhiterightspec.com | 100% | #5,197,835 | – | |
| superiorboiler.com | 99% | 7.6K | #2,070,690 | View details | |
multiaqua.com | multiaqua.com | 87% | #2,998,429 | – | |
| galarson.com | 87% | #2,969,573 | View details | ||
olsenhvac.com | olsenhvac.com | 86% | #5,405,248 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 26 similar websites and full traffic analytics for Intellihot
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 26 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Facility Management Platforms
3 companies that operate in the same segment as Intellihot (Facility Management Platforms) in United States, 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 | ||
Envoy is recognized for providing workplace management solutions. | 2013 | San Francisco, California, United States | USD 170.5 M | 463 | ||
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | 109 |
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Related news about Intellihot
Complete news archive for Intellihot
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Frequently Asked Questions about Intellihot
Intellihot was founded in 2005 and raised its 1st funding round 4 years after it was founded.
Intellihot is headquartered in Galesburg, United States. It is registered at Galesburg, Illinois, United States.
Intellihot is a funded company, having raised a total of $65.46M across 10 funding rounds to date. The company's 1st funding round was a Seed of $53.41K, raised on May 2009.
Intellihot has 83 employees.
Intellihot was established in 2005 in Galesburg, United States, focusing on the water heating sector. Tankless water heater systems are supplied for both residential and commercial settings. Product lines encompass the iQ series, Neuron, i-Series, and additional models. System control is enabled through an Android-compatible app. Operations center on innovative, efficient heating solutions distributed via the companys domain, intellihot.com.
Intellihot's top competitors include Cielo WiGle, GridPoint and Swell Energy.
Intellihot offers iSeries, iQ Wall, Neuron, Electron Series, and The Legionator.
Intellihot has 11 investors. Key investors include Avenue Capital Group, Zurn Elkay Water Solutions, Aegon Asset Management, Earth Foundry, and WAVE Equity Partners.
Intellihot operates through Intellihot Green Technologies Inc..
Yes. Intellihot was acquired by Zurn Elkay in July 2026.