UtilityAPI

Provides secure access to utility data

Oakland, California, United States

About UtilityAPI

UtilityAPI provides secure access to utility data, focusing on the clean energy and utility management market. The company collects, standardizes, and shares utility data to help clients manage energy usage, optimize incentive programs, and comply with regulations like Green Button Connect. Their white-labeled platform allows clients to customize solutions for streamlined access to multiple utilities, aiding in the implementation of clean energy programs. UtilityAPI operates on a subscription model, offering insights through interval data to support clients in achieving their Environmental, Social, and Governance (ESG) goals, particularly in reducing Scope 2 carbon emissions. Additionally, they provide bill data services for managing energy usage and billing in community solar projects.

Oakland, CaliforniaHeadquarters
2014Year Founded
$10.7MTotal Funding
SERIES_ACompany Stage
Data & Analytics, EnergyIndustries
11-50Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Company Equity
401(k) Retirement Plan
401(k) Company Match
Home Office Stipend
Unlimited Paid Time Off

Risks

Competition from E Source's platform may challenge UtilityAPI's market share in New York.
Scaling the Building Decarbonization In-a-Box program may face coordination challenges.
Dependency on Xendee for energy load modeling poses potential technical risks.

Differentiation

UtilityAPI offers a white-labeled platform for customized utility data solutions.
The company specializes in secure, standardized access to utility data for clean energy.
UtilityAPI's services support ESG goals by reducing Scope 2 carbon emissions.

Upsides

Integration with AI enhances predictive analytics for energy management solutions.
Smart grid technologies offer expansion opportunities for real-time data services.
Community solar projects increase demand for UtilityAPI's bill data services.

Funding

Total raised$10.68 M
Latest valuation$50.00 M
StageSERIES_A
SERIES A
4/30/2022
$10
$50.00 M
CONVERTIBLE
1/31/2016
N/A
SEED
11/30/2015
$1
$3.85 M
ANGEL
8/31/2014
N/A
$50.0 K