About Parity
Parity is a company based in Toronto (Canada) founded in 2018 by Brian MacLeod and Brad Pilgrim. It operates as a SaaS (Software-as-a-Service) and Managed Services. Parity has raised $35.73 million across 6 funding rounds from investors including SVB, New York State and Wyse Meter. Parity offers products and services including Optimizer. Parity operates in a competitive market with competitors including OVO Energy, ecobee, Particle, Signify and Hometree, among others.
- Headquarter Toronto, Canada
- Founders Brian MacLeod, Brad Pilgrim
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Sectors
Business ServicesEnergy & Utilities Technology
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Email
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Phone
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Website
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Social
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- Legal Name Parity Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$35.73 M (USD)
in 6 rounds
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Latest Funding Round
$19 M (USD), Series B
Jun 11, 2024
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Investors
SVB
& 5 more
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Employee Count
Not available
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Products & Services of Parity
Parity offers a comprehensive portfolio of products and services, including Optimizer.
HVAC systems are optimized remotely for energy efficiency.
People of Parity
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Funding Insights of Parity
Parity has successfully raised a total of $35.73M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $19 million completed in June 2024. 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.
Investors in Parity
Parity has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include SVB, New York State and Wyse Meter.
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Venture capital firm focused on multiple sectors
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Venture capital fund focused on the real estate startups
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Provides the information about government agencies in New York
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Investor details for Parity
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Investments & Acquisitions by Parity
Investment portfolio details for Parity
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Financial Statements - Parity
Detailed financials for Parity
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Parity Comparisons
Peer comparison for Parity
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Competitors of Parity
Parity 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 OVO Energy, ecobee, Particle, Signify and Hometree, among others.
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Renewable energy is supplied via app-based platform by OVO Energy.
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Provider of smart thermostats for commercial and residential applications
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IoT connectivity platform from prototype to production is developed.
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Signify is recognized as a global leader in lighting solutions.
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Provider of an online platform for home insurance
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End-to-end energy management solutions are provided for utilities worldwide.
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Detailed competitors of Parity
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Latest news on Parity
Complete news archive for Parity
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Frequently Asked Questions about Parity
Parity was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Parity is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Brad Pilgrim is the current CEO of Parity. They have also founded this company.
Parity is a funded company, having raised a total of $35.73M across 6 funding rounds to date.
HVAC systems are managed and optimized in real-time by Parity through remote control adjustments. Energy efficiency is enhanced, and building operations are improved for multifamily buildings and hotels across North America. Compliance with building performance standards is supported, sustainability performance is boosted by reducing CO2 emissions, and demand response revenue is maximized. Utility cost savings are guaranteed, and operational efficiency is improved by reducing staff workload.
Parity's top competitors include OVO Energy, ecobee and Particle.
Parity offers Optimizer.
Parity has 6 investors. Key investors include SVB, New York State, Wyse Meter, ArcTern Ventures, and Idealist Capital.