About Sense
Sense is a company based in Cambridge (United States) founded in 2013 by Michael Phillips, Ryan Houlette, and Chris Micali. It operates as a SaaS (Software-as-a-Service), and Product-as-a-Service. Sense has raised $194.59 million across 6 funding rounds from investors including iRobot, TELUS and Schneider Electric. Sense offers products and services including Sense-Enabled Smart Meters. Sense operates in a competitive market with competitors including Particle, Signify, Itron, Danfoss and Landis+Gyr, among others.
- Headquarter Cambridge, United States
- Founders Michael Phillips, Ryan Houlette, Chris Micali
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Sectors
Business ServicesEnergy & Utilities Technology Real Estate & Construction
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Phone
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$194.59 M (USD)
in 6 rounds
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Latest Funding Round
$127.6 M (USD), Series C
Apr 27, 2022
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Investors
iRobot
& 15 more
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Employee Count
Employee Count
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Products & Services of Sense
Sense offers a comprehensive portfolio of products and services, including Sense-Enabled Smart Meters. 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.
Smart meters embedded with real-time intelligence software.
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Funding Insights of Sense
Sense has successfully raised a total of $194.59M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $127.6 million completed in April 2022. 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 Funding
- Total Rounds 6
- Last Round Series C — $127.6M
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First Round
First Round
(31 Mar 2015)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2022 | Amount | Series C - Sense | Valuation | Blue Earth Capital | |
| Sep, 2021 | Amount | Series B - Sense | Valuation | Japan Energy Fund |
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| Aug, 2019 | Amount | Series B - Sense | Valuation | MacKinnon, Bennett & Company , IDO Investments |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Sense
Sense has secured backing from 16 investors, including venture fund and institutional investors. Prominent investors backing the company include iRobot, TELUS and Schneider Electric. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Provider of investment firm specializing in private equity and private credit
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Founded Year | Domain | Location | |
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Venture capital fund focused on growth-stage startups
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Founded Year | Domain | Location | |
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Climate companies are invested in by this venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Sense
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Sense
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sense Comparisons
Competitors of Sense
Sense 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 Particle, Signify, Itron, Danfoss and Landis+Gyr, 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 |
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| domain | founded_year | HQ Location |
IoT connectivity platform from prototype to production is developed.
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| domain | founded_year | HQ Location |
Signify is recognized as a global leader in lighting solutions.
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| domain | founded_year | HQ Location |
Cloud-based end-to-end solutions for smart grids are provided.
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| domain | founded_year | HQ Location |
Manufacturer of energy efficiency products
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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| domain | founded_year | HQ Location |
Provider of solutions for energy monitoring for residential building
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sense
Frequently Asked Questions about Sense
When was Sense founded?
Sense was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Sense located?
Sense is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Who is the current CEO of Sense?
Michael Phillips is the current CEO of Sense. They have also founded this company.
Is Sense a funded company?
Sense is a funded company, having raised a total of $194.59M across 6 funding rounds to date. The company's 1st funding round was a Series B of $29.91M, raised on Mar 31, 2015.
What does Sense do?
Sense is engaged in embedding real-time intelligence software into next-generation smart meters. The company collaborates with leading meter manufacturers like LandisGyr to enhance grid-edge visibility for utilities and consumers. Solutions provided by Sense are utilized to lower operating costs, improve decision-making, and enable demand flexibility. Sectors served include energy and utilities, with a focus on consumer engagement, grid optimization, and future-proofing energy infrastructure for greener grids.
Who are the top competitors of Sense?
Sense's top competitors include Particle, Landis+Gyr and Danfoss.
What products or services does Sense offer?
Sense offers Sense-Enabled Smart Meters.
Who are Sense's investors?
Sense has 16 investors. Key investors include iRobot, TELUS, Schneider Electric, Landis+Gyr, and Blue Earth Capital.
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