# Rhombus Energy Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rhombus-energy-solutions

- Industry: Environmental Services
- Headquarters: San Diego, US
- Website: www.rhombusenergysolutions.com
- Latest round: Series C (Sep 17, 2020)
- Investors on record: 5

## About

Rhombus Energy Solutions, Inc. specializes in providing innovative energy solutions focused on enhancing operational efficiencies and optimizing resource management across diverse sectors, including retail and healthcare.Founded in 2012, Rhombus Energy Solutions, Inc. is headquartered in San Diego, US. The company develops advanced technology solutions to improve energy management and operational performance. The recent funding round occurred on August 3, 2022, when BorgWarner, Inc. acquired Rhombus for USD 185.00 mn, which included USD 130.00 mn in cash and contingent payments of USD 55.00 mn. The company has completed a total of 4 deals since its inception, showcasing its growth trajectory. The firm was co-founded by Joseph Gottlieb and Rick Sander, with Richard Sander currently serving as CEO.Rhombus Energy Solutions offers a range of software applications aimed at improving operational efficiencies and customer engagement. Their products cater to both small and medium-sized enterprises (SMEs) and large corporations, focusing on sectors such as retail, healthcare, and finance. These solutions optimize resource management and leverage advanced analytics and automation, with a strong market presence in North America and Western Europe.Rhombus Energy Solutions generates revenue through a subscription-based model that provides clients with continuous access to its software solutions. This approach ensures predictable revenue streams and fosters long-term client relationships. Pricing plans are structured to accommodate various needs, from individual licenses to enterprise packages. The company’s revenue is supported by its proprietary applications designed for analytics and workflow automation, enabling businesses to enhance their operational capabilities.Following the acquisition by BorgWarner, Inc., Rhombus Energy Solutions plans to utilize the recent funding to expand its product offerings and enhance its market position. The company is focusing on developing new energy management solutions tailored for upcoming launches in the next 12 months. Additionally, Rhombus is targeting expansion into new geographic markets, particularly in Asia and Latin America, by the end of 2023. The integration of BorgWarner’s resources is expected to accelerate these initiatives and support the development of innovative products in alignment with market demands.

## Funding rounds

- Series C, Sep 17, 2020 — Emerald Technology Ventures, Greenhouse Capital Partners, Cycle Capital Management, Inci Holding, Nabtesco Technology Ventures

## Investors

- Emerald Technology Ventures (https://capitalatlas.ai/funds/emerald-technology-ventures) — Series C
- Greenhouse Capital Partners (https://capitalatlas.ai/funds/greenhouse-capital-partners) — Series C
- Cycle Capital Management (https://capitalatlas.ai/funds/cycle-capital-management) — Series C
- Inci Holding — Series C
- Nabtesco Technology Ventures (https://capitalatlas.ai/funds/nabtesco-technology-ventures) — Series C