# Bidgely

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bidgely

- Industry: Software
- Headquarters: Los Altos, US
- Website: www.bidgely.com
- Total disclosed funding: $99M
- Latest round: Series C (Mar 24, 2021)
- Investors on record: 8

## About

Based in Sunnyvale, California, and founded in 2011, Bidgely Inc. operates as an energy monitoring and management solution developer. Abhay Gupta (CEO) and Vivek Garud (CTO) are the co-founders of the company. In March 2021, Bidgely Inc. raised INR 150 million in venture funding led by new investor IvyCap Ventures.

The company uses artificial intelligence (AI) techniques to turn utility meters and customer data into business insight, as well as to help utilities and energy merchants better understand and communicate with their customers. The company’s UtilityAI platform turns customer data across several dimensions, including energy use, demographics, and interactions, into accurate and actionable consumer energy insights. Its solutions include home energy reports (HER) 2.0, virtual energy assessment, gas solutions, enterprise analytics, EV analytics, energy analytics salesforce cloud, small and medium businesses, smart shops marketplace, call center, etc.

Following the venture funding in March 2021, Bidgely Inc. plans to use the proceeds to further develop its Utility AI platform, including electrification, EV, and decarbonization solutions, as well as accelerate growth into new markets.

## Funding rounds

- Series C, Mar 24, 2021, $39M — IvyCap Ventures Group
- Series C, Sep 24, 2020, $8M — CIBC Innovation Banking
- Series C, Dec 8, 2017, $27M — Khosla Ventures, Georgian, Future Energy Ventures, E.ON Strategic Co-Investments, Constellation Technology Ventures
- Series B, Nov 3, 2015, $17M — Khosla Ventures, E.ON Strategic Co-Investments, Constellation Technology Ventures, RWE Aktiengesellschaft
- Series A, Jul 24, 2013, $5M — Khosla Ventures
- Series A, Oct 25, 2011, $3M — Khosla Ventures

## Investors

- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series A, Series B, Series C
- E.ON Strategic Co-Investments (https://capitalatlas.ai/funds/e-on-strategic-co-investments) — Series B, Series C
- Constellation Technology Ventures (https://capitalatlas.ai/funds/constellation-technology-ventures) — Series B, Series C
- RWE Aktiengesellschaft — Series B
- Georgian — Series C
- Future Energy Ventures (https://capitalatlas.ai/funds/future-energy-ventures) — Series C
- CIBC Innovation Banking (https://capitalatlas.ai/funds/cibc-innovation-banking) — Series C
- IvyCap Ventures Group (https://capitalatlas.ai/funds/ivycap-ventures-group) — Series C