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DateInvestorsAmountRound
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$22.6m

Valuation: $525m

Series C
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
USD2019202020212023
Revenues0000000000000000
% growth-5 %69 %-
EBITDA0000000000000000
Profit0000000000000000
EV0000000000000000
EV / revenue00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x
R&D budget0000000000000000

Source: Dealroom estimates

Notes (0)
More about Sense
Made with AI
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Sense was founded in 2013 by Mike Phillips, Christopher Micali, and Ryan Houlette. The founders, with their extensive experience in speech recognition technology, aimed to apply similar principles to energy consumption data. They believed that by making energy usage understandable and engaging, they could empower consumers to improve their energy efficiency and reduce their environmental impact.

The company's main offering is the Sense Home Energy Monitor, a device that connects to a home's electrical panel. It provides real-time, detailed data on energy consumption, accessible through a mobile app. The monitor can identify individual appliances by analyzing their unique electrical signatures, allowing homeowners to track their energy usage with a high degree of accuracy. This helps users pinpoint energy-wasting devices and make informed decisions to lower their electricity bills.

Sense operates on a direct-to-consumer business model, selling its monitor through its website and various retail partners. The company also collaborates with utility companies and solar installers, integrating its technology into broader energy management solutions. By providing valuable data to both consumers and energy providers, Sense is positioning itself as a key player in the smart home and energy tech markets.

Keywords: home energy monitor, energy efficiency, real-time data, appliance recognition, carbon footprint reduction, smart home, energy consumption, utility savings, electricity monitoring, sustainability

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