Sense, a Boston, MA-based provider of an energy monitoring platform, closed a $14m Series A funding.
The round was led by Shell Technology Ventures (STV) and Energy Impact Partners (EIP), with participation from previous seed investors Capricorn Investment Group, Prelude Ventures, CRV, and hardware accelerator Bolt.
The company intends to use the funds to accelerate the hiring of the team.
Led by Michael Phillips, CEO and co-founder, Sense provides a web and mobile home energy and awareness platform that interprets the power usage and activity of every device in the home. Its patented machine learning technology measures power one million times per second, providing homeowners with real-time data and insights on individual device behavior to keep them informed about what’s happening in their homes.
Uses include checking what time their kids get home, monitoring their home appliances, determining whether they left appliances running or doors open, and identifying how to reduce their energy costs.