PlotWatt
PlotWatt helps small-and medium-sized business owners manage their energy so they have energy to manage their businesses.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor investor investor | €0.0 | round | |
$3.0m | Series A | ||
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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PlotWatt operates as an energy analytics firm, founded in 2008 by Luke Fishback, an engineer with degrees from Dartmouth College and prior experience at Lockheed Martin Space Systems. The company originated in Durham, North Carolina, and focuses on providing energy monitoring and load disaggregation solutions for multi-location businesses, with a significant client base in the quick-service restaurant sector, including brands like Wendy's, KFC, and Dunkin' Donuts.
The core of PlotWatt's business is a cloud-based platform that analyzes real-time electricity data from smart meters without needing to install monitors on individual appliances. Its machine-learning algorithms parse a building's overall power signal to identify the distinct energy consumption patterns of large appliances, such as ovens and freezers. This disaggregation of energy data allows PlotWatt to deliver actionable insights rather than just raw data. The service provides clients with itemized reports on appliance-level energy costs, comparative performance analyses across different business locations, and operational benchmarking.
Revenue is generated through a subscription model, where clients pay for the ongoing service that helps them reduce operational costs. The platform's value proposition extends beyond simple energy savings; it can detect malfunctioning equipment, identify operational inefficiencies—like an oven being left on after closing—and provide business intelligence. By converting this data into straightforward recommendations and alerts, typically sent via email to store managers, the company enables clients to achieve electricity savings of up to 15%. PlotWatt was acquired by American Efficient on November 18, 2018, a move intended to accelerate the company's work and expand its influence in the energy efficiency market.
Keywords: energy analytics, load disaggregation, energy management, smart meter data analysis, restaurant energy efficiency, operational intelligence, machine learning, cloud-based analytics, multi-location business solutions, appliance-level energy monitoring, utility data, energy savings, equipment monitoring, operational benchmarking, predictive maintenance, energy consumption patterns, business process efficiency, sustainability solutions, cleantech, SaaS