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Energy analytics company Bidgely seals Series A from Khosla Ventures

25 Jul 2013

Energy analytics company Bidgely has sealed a $3m Series A investment from cleantech-focused VC firm Khosla Ventures.

The company’s platform provides appliance-level itemisation of electric bills that enables utilities to provide residential consumers with insights, recommendations, and savings on their energy bills. It uses big data algorithms that disaggregate energy usage and mash up itemised appliance level insights working alongside installed utility smart meters and standards-based home area network gateways.

“Residential energy efficiency is a large untapped source of energy and Bidgely realises this with their disruptive disaggregation technology. Consumers can see their itemised energy usage per appliance – similar to their phone or credit card bills. It’s a fundamental change in the way people receive their energy information enabling them to make informed decisions,” said Vinod Khosla, founding partner at Khosla Ventures.

Incorporated in January 2011 and privately held, Bidgely is headquartered in Silicon Valley. Khosla recently participated in a $30.6m Series B round for Stanford University spin-out Ayasdi.

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