# Neurio Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/neurio-technology

- Industry: Software
- Headquarters: Vancouver, Canada
- Website: www.neur.io
- Total disclosed funding: $1.3M
- Latest round: Seed (Dec 16, 2014)
- Investors on record: 1

## About

Neurio Technology Inc. develops advanced energy management solutions that enable intelligent electricity monitoring and control, aimed at improving energy efficiency for consumers and businesses alike.Founded in 2005 and headquartered in Vancouver, Canada, Neurio Technology Inc. specializes in smart energy solutions. The company was acquired by Generac Power Systems, Inc. in March 2019, although financial terms were not disclosed. Neurio's innovative approach to energy management has been a focal point of its operations, allowing it to pivot towards broader energy efficiency products. The company has participated in 4 deals, with its latest funding round being a Seed round led by BDC Capital, raising CAD 1.50 mn, which constitutes its total amount raised.Neurio Technology Inc. offers innovative energy management solutions designed to help users monitor and optimize their energy consumption. Their technology enables consumers to gain insights into their electricity usage, facilitating better energy efficiency practices. The company's services primarily target residential customers across North America who are looking to manage their energy consumption effectively.Neurio Technology Inc. generates revenue through the provision of its energy management solutions, which are sold directly to consumers and through partnerships with service providers. While specific financial details are not disclosed, their business model supports various transactional frameworks, allowing flexibility in pricing and service offerings to meet customer needs.Looking ahead, Neurio Technology Inc. plans to enhance its product line with new energy management technologies and applications. The company aims to expand its presence in the North American market while exploring opportunities in new geographical regions by 2025. The recent funding round will support these initiatives, focusing on product development and market penetration strategies following its acquisition by Generac Power Systems.

## Funding rounds

- Seed, Dec 16, 2014, $1.3M — BDC Capital

## Investors

- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Seed