About Verse
Verse is a company based in San Francisco (United States) founded in 2022 by Seyed H Madaeni.. Verse has raised $26.25 million across 2 funding rounds from investors including Google Ventures, Coatue and MCJ Collective. The company has 2 employees as of December 31, 2022. Verse offers products and services including Aria and Energy Optimization Tools. Verse operates in a competitive market with competitors including Unleash live, Prescinto, Digitised Energy, 50 Hertz and Green Power Labs, among others.
- Headquarter San Francisco, United States
- Employees 2 as on 31 Dec, 2022
- Founders Seyed H Madaeni
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Sectors
Energy & Utilities
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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 Verse Enterprises 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
$26.25 M (USD)
in 2 rounds
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Latest Funding Round
$20.5 M (USD), Series A
May 08, 2024
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Investors
Google Ventures
& 9 more
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Employee Count
2
as on Dec 31, 2022
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Products & Services of Verse
Verse offers a comprehensive portfolio of products and services, including Aria and Energy Optimization Tools. 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.
Software for analyzing and reducing energy costs and emissions.
Platform for real-time energy data and forecasting decisions.
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Funding Insights of Verse
Verse has successfully raised a total of $26.25M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $20.5 million completed in May 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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $20.5M
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First Round
First Round
(26 Oct 2022)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Series A - Verse | Valuation | Google Ventures | |
| Oct, 2022 | Amount | Seed - Verse | Valuation | Coatue |
| 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 Verse
Verse has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Google Ventures, Coatue and MCJ Collective. 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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Corporate backed venture capital fund investing in multiple sectors
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Founded Year | Domain | Location | |
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Provider of an investment platform for various stages
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Founded Year | Domain | Location | |
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CIV is recognized as an investment firm supporting technology companies in critical industries.
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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 Verse
| 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 - Verse
| 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 |
Verse Comparisons
Competitors of Verse
Verse 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 Unleash live, Prescinto, Digitised Energy, 50 Hertz and Green Power Labs, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI based platform offering image and video analytics solutions
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| domain | founded_year | HQ Location |
Analytics software for renewable energy operations is provided by Prescinto.
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| domain | founded_year | HQ Location |
Provider of big data analytics for renewable energy
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| domain | founded_year | HQ Location |
50 Hertz delivers comprehensive software suites for scheduling and forecasting needs.
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| domain | founded_year | HQ Location |
Predictive analytics are provided for solar energy applications.
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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 Verse
Frequently Asked Questions about Verse
When was Verse founded?
Verse was founded in 2022.
Where is Verse located?
Verse is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Verse?
Seyed H Madaeni is the current CEO of Verse. They have also founded this company.
Is Verse a funded company?
Verse is a funded company, having raised a total of $26.25M across 2 funding rounds to date. The company's 1st funding round was a Seed of $5.75M, raised on Oct 26, 2022.
How many employees does Verse have?
As of Dec 31, 2022, the latest employee count at Verse is 2.
What does Verse do?
Verse was established in 2022 in San Francisco, United States. A SaaS-based platform focused on renewable energy management is offered by the company within the energy sector. Advanced data science is employed through this platform to assist companies in reducing energy costs. Operations are centered on software services that support energy efficiency for business users across the United States.
Who are the top competitors of Verse?
Verse's top competitors include Prescinto, Unleash live and Digitised Energy.
What products or services does Verse offer?
Verse offers Aria and Energy Optimization Tools.
Who are Verse's investors?
Verse has 10 investors. Key investors include Google Ventures, Coatue, MCJ Collective, CIV, and Climate Capital.
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