Wattsense
About Wattsense
Wattsense is a company founded in 2017 by Louis Vermorel was acquired by Siemens in October 2021.. Wattsense has raised $4.04 million across 2 funding rounds from investors including Siemens, Bpifrance and Kreaxi. Wattsense offers products and services including Wattsense Bridge and Wattsense Tower. Wattsense operates in a competitive market with competitors including Particle, ecobee, MRI Software, Signify and Landis+Gyr, among others.
- Founders Louis Vermorel
-
Sectors
Business ServicesEnergy & Utilities Real Estate & Construction Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Wattsense
Wattsense offers a comprehensive portfolio of products and services, including Wattsense Bridge and Wattsense Tower. 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.
Hardware for on-premises data collection from building equipment.
Platform for remote monitoring and management of building data.
Unlock access to complete
Software Development Team
2 people
Responsable Team
1 people
CTO Team
1 people
Senior Team
1 people
Unlock access to complete
Funding Insights of Wattsense
Wattsense has successfully raised a total of $4.04M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.16 million completed in October 2019. 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 — $3.2M
-
First Round
First Round
(07 May 2018)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2019 | Amount | Series A - Wattsense | Valuation | Kreaxi , Bpifrance |
|
| May, 2018 | Amount | Seed - Wattsense | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Wattsense
Wattsense has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Siemens, Bpifrance and Kreaxi. 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 |
|---|---|---|---|---|
|
Kreaxi is engaged in equity financing for innovative startups.
|
Founded Year | Domain | Location | |
|
Demeter is recognized as a major European investor in venture capital and private equity for energy and ecological transition.
|
Founded Year | Domain | Location | |
|
Corporate consultancy, advisory, and funding services are provided to businesses.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Wattsense
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Wattsense
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wattsense Comparisons
Competitors of Wattsense
Wattsense 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, ecobee, MRI Software, Signify 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
IoT connectivity platform from prototype to production is developed.
|
|
| domain | founded_year | HQ Location |
Provider of smart thermostats for commercial and residential applications
|
|
| domain | founded_year | HQ Location |
Property management software is provided for residential and commercial properties.
|
|
| domain | founded_year | HQ Location |
Signify is recognized as a global leader in lighting solutions.
|
|
| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
|
|
| domain | founded_year | HQ Location |
Smart panels for home energy management are provided by Span.IO.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Wattsense
Frequently Asked Questions about Wattsense
When was Wattsense founded?
Wattsense was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Who is the current CEO of Wattsense?
Louis Vermorel is the current CEO of Wattsense. They have also founded this company.
Is Wattsense a funded company?
Wattsense is a funded company, having raised a total of $4.04M across 2 funding rounds to date. The company's 1st funding round was a Seed of $873.01K, raised on May 07, 2018.
What does Wattsense do?
Wattsense was founded in 2017 as a provider of SaaS-driven IoT solutions in the building management sector. Hardware known as the Box is offered to connect equipment across buildings, with support for cloud connectivity via 4G or Ethernet, edge computing, and integrated field protocols. An application is included for large-scale deployment, alongside tools for maintenance optimization, energy management, and comfort control. Operations focus on hardware-software integration for facility efficiency.
Who are the top competitors of Wattsense?
Wattsense's top competitors include ecobee, Particle and Landis+Gyr.
What products or services does Wattsense offer?
Wattsense offers Wattsense Bridge and Wattsense Tower.