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September 7, 2012 04:00 pm GMT
Atlanta-based Urjanet announced today that it has closed a $4 million Series B round of funding, two years after its initial launch. The company provides energy data for heavy energy consumers, mostly in the form of enterprise customers, to enable them to make better business decisions around current energy use, how future projects will impact energy expenditure, and see the return on investment being generated by their existing energy spend. The new funding comes from Grotech Ventures, as well as existing investors GRA Venture Fund, LLC and Imlay Investments Inc.It's an area of growing concern, since older methods of measuring energy use like reading the meter or checking your monthly bill after the fact have been replace with sophisticated, real-time data streams that can tell you exactly how much you're using, and exactly where. Urjanet's SaaS offering hooks into their existing software, including energy monitoring tools as well as BI platforms like Salesforce and accounting systems, and then uses all of its information as well as outside sources detailingregionalpricing, consumption rates, taxes and more to deliver insights tobusinesseslooking for ways to be smarter about things like carbon footprint, or to move high-consumption facilities to places where local tax breaks make energy costs cheaper, for example.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/5yOskmepMSk/
Urjanet Raises $4M Series B To Deliver Big Data Energy Insights For Enterprise
Atlanta-based Urjanet announced today that it has closed a $4 million Series B round of funding, two years after its initial launch. The company provides energy data for heavy energy consumers, mostly in the form of enterprise customers, to enable them to make better business decisions around current energy use, how future projects will impact energy expenditure, and see the return on investment being generated by their existing energy spend. The new funding comes from Grotech Ventures, as well as existing investors GRA Venture Fund, LLC and Imlay Investments Inc.It's an area of growing concern, since older methods of measuring energy use like reading the meter or checking your monthly bill after the fact have been replace with sophisticated, real-time data streams that can tell you exactly how much you're using, and exactly where. Urjanet's SaaS offering hooks into their existing software, including energy monitoring tools as well as BI platforms like Salesforce and accounting systems, and then uses all of its information as well as outside sources detailingregionalpricing, consumption rates, taxes and more to deliver insights tobusinesseslooking for ways to be smarter about things like carbon footprint, or to move high-consumption facilities to places where local tax breaks make energy costs cheaper, for example.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/5yOskmepMSk/
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