About Verdigris
Verdigris is a company based in Mountain View (United States) founded in 2011 by Mark Chung, Jonathan Chu, and Thomas Chung.. Verdigris has raised $41.76 million across 15 funding rounds from investors including Verizon, Jabil and Solea Energy. The company has 27 employees as of December 31, 2017. Verdigris offers products and services including EV2 Power Meters, EV2 Pro Power Quality Meters, Analytics Software, and IoT Device Management. Verdigris operates in a competitive market with competitors including Particle, Signify, Danfoss, Landis+Gyr and Tibber, among others.
- Headquarter Mountain View, United States
- Employees 27 as on 31 Dec, 2017
- Founders Mark Chung, Jonathan Chu, Thomas Chung
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Sectors
TechnologyBusiness Services Energy & Utilities Real Estate & Construction
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Phone
*********
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Website
*********
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Social
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- Legal Name Verdigris Technologies, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$41.76 M (USD)
in 15 rounds
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Latest Funding Round
$10 M (USD), Series B
Aug 21, 2023
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Investors
Verizon
& 5 more
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Employee Count
27
as on Dec 31, 2017
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Products & Services of Verdigris
Verdigris offers a comprehensive portfolio of products and services, including EV2 Power Meters, EV2 Pro Power Quality Meters, Analytics Software, and IoT Device Management. 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.
Devices for real-time energy tracking in industrial settings.
Tools for monitoring and analyzing electrical quality in facilities.
Platform for optimizing energy efficiency and cost savings.
System for managing and deploying IoT devices in buildings.
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Funding Insights of Verdigris
Verdigris has successfully raised a total of $41.76M across 15 strategic funding rounds. The most recent funding activity was a Series B round of $10 million completed in August 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 Funding
- Total Rounds 15
- Last Round Series B — $10.0M
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First Round
First Round
(09 Nov 2011)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2023 | Amount | Series B - Verdigris | Valuation | DCVC , Solea Energy |
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| Dec, 2021 | Amount | Series B - Verdigris | Valuation |
investors |
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| Jan, 2021 | Amount | Series B - Verdigris | Valuation |
investors |
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| 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 |
Investors in Verdigris
Verdigris has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Verizon, Jabil and Solea Energy. 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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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Startups are accelerated by Stanford-backed program in Palo Alto.
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Founded Year | Domain | Location | |
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Yope is focused on empowering university-born founders through funding.
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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 Verdigris
| 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 - Verdigris
| 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 |
Verdigris Comparisons
Competitors of Verdigris
Verdigris 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, Danfoss, Landis+Gyr and Tibber, 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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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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| 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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Provider of solutions for energy monitoring for residential building
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| domain | founded_year | HQ Location |
Smart panels for home energy management are provided by Span.IO.
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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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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 Verdigris
Frequently Asked Questions about Verdigris
When was Verdigris founded?
Verdigris was founded in 2011.
Where is Verdigris located?
Verdigris is headquartered in Mountain View, United States. It is registered at Mountain View, California, United States.
Who is the current CEO of Verdigris?
Mark Chung is the current CEO of Verdigris. They have also founded this company.
Is Verdigris a funded company?
Verdigris is a funded company, having raised a total of $41.76M across 15 funding rounds to date. The company's 1st funding round was a Series B of $7.14M, raised on Nov 09, 2011.
How many employees does Verdigris have?
As of Dec 31, 2017, the latest employee count at Verdigris is 27.
What does Verdigris do?
AI and SaaS-driven energy analytics platform for the management of facilities and commercial buildings. The cloud-based solution allows users to optimize operations, facility uptime, and manage energy costs. Its wireless sensors enable real-time identification, disaggregation, and analysis of the loads in buildings, providing insights into behavior and usage. It also provides an IoT Energy Meter that helps to track energy consumption with its smart sensors.
Who are the top competitors of Verdigris?
Verdigris's top competitors include Particle, Landis+Gyr and Danfoss.
What products or services does Verdigris offer?
Verdigris offers EV2 Power Meters, EV2 Pro Power Quality Meters, Analytics Software, and IoT Device Management.
Who are Verdigris's investors?
Verdigris has 6 investors. Key investors include Verizon, Jabil, Solea Energy, DCVC, and StartX.
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