Essess, a Boston, MA-based thermal imaging technology provider, received a funding of undisclosed amount.
The round, which brought total funding to date to $10.75m, was led by existing backers Vocap Investment Partners, DFJ Athena and Constellation Technology Ventures, the venture capital arm of Exelon Corp., with participation from new investors, including Tamarisc, a venture capital firm focused on building technologies, and the Massachusetts Clean Energy Center.
The company intends to use the funds to scale its technology in partnership with electric and gas utilities, competitive energy suppliers, large energy service companies, and building materials and service providers.
Founded in 2011 and led by Tom Scaramellino, Chief Executive Officer, Essess has developed mobile thermal imaging technology and data analytics platform to identify and quantify energy losses across millions of buildings.
It packages its thermal imaging technology in a number of software subscription and end customer marketing products. These products include a web portal that displays interactive energy loss maps of large physical territories; a customer relationship management tool that offers customer analytics and measure recommendations; and an energy efficiency program for utilities that delivers energy audit reports via direct mail, email, and the web.
The company recently completed field trials with its early deployment partners, including the U.S. Department of Defense.
FinSMEs
20/11/2014