Innowatts, a Houston, TX-based AI-enabled retail energy technology platform, closed its $18.2M Series B funding round.
The round was led by Energy Impact Partners (EIP), with participation from current funders Shell Ventures, Iberdrola and Energy and Environment Investment (EEI Japan) – and new investor Evergy Ventures.
The company intends to use the funds to extend application of its eUtilityTM platform.
Led by Siddhartha Sachdeva, founder and CEO, Innowatts is a provider of cloud-based, AMI-enabled predictive analytics and AI-based solutions for utilities, energy retailers and smart energy communities. To date, its tech platform has provided nearly 21 million energy consumers and their energy providers with access to lower energy costs and more reliable and personalized energy experience.