# Sapient Industries

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sapient-industries

- Industry: Software
- Headquarters: Philadelphia, US
- Website: www.sapient.industries
- Total disclosed funding: $2.4M
- Latest round: Seed (Mar 1, 2019)
- Investors on record: 6

## About

Sapient Industries, Inc. is a company dedicated to providing advanced energy metering solutions, focusing on enhancing energy efficiency and enabling decarbonization for both commercial and residential markets.Founded in 2017 and headquartered in Philadelphia, US, Sapient Industries specializes in energy metering solutions. The firm has successfully completed 6 deals, with the latest funding round being a Grant of USD 0.5 mn on January 15, 2020. The company was founded by Sam Parks, and Martin Koch currently serves as CEO.Sapient Industries specializes in advanced energy metering solutions designed to enhance energy efficiency and enable effective decarbonization for both commercial and residential clients. Their core offerings include the Sapient Hydra Meters, low-cost energy sensors that digitize electrical panels for real-time equipment-level energy data, and Multi-Circuit Power Submeters for networked submetering projects, especially in multi-tenant settings. Comprehensive turnkey services, including energy metering audits, deployment strategies, installation, and ongoing maintenance, are available, supported by the Sapient Cloud platform for easy meter configuration and data analytics. The primary customer base includes Fortune 500 companies, real estate developers, energy consultants, and Energy Service Companies (ESCOs) in North America and Europe.The revenue model at Sapient Industries revolves around a variety of energy metering products and services offered through direct sales and partnerships with service providers. Business transactions generally involve the sale of flagship products like Hydra Meters and Multi-Circuit Power Submeters to large commercial clients and property developers, which entail upfront equipment costs and ongoing maintenance and cloud service fees, creating a recurring revenue stream. Additionally, the company collaborates with energy consultants and ESCOs, allowing these partners to integrate Sapient’s technology into their offerings, which enhances their margins and fosters long-term client relationships. Pricing structures are customized to meet the specific needs of enterprise clients.Sapient Industries plans to leverage recent funding from the Grant of USD 0.5 mn received in January 2020 to support the development of new energy metering products aimed at enhancing their service offerings. The company is also looking to expand its market presence into Europe and Asia by 2023, targeting real estate developers and energy consultants in these regions. This strategic expansion is expected to be bolstered by the ongoing development of their technology and services.

## Funding rounds

- Seed, Mar 1, 2019, $2M — Plug and Play, Tech Square Ventures, Republic, NYU Stern
- Seed, Feb 4, 2018, $0.4M — Third Sphere, Urban-X

## Investors

- Third Sphere (https://capitalatlas.ai/funds/third-sphere) — Seed
- Urban-X (https://capitalatlas.ai/funds/urban-x) — Seed
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- Tech Square Ventures (https://capitalatlas.ai/funds/tech-square-ventures) — Seed
- Republic — Seed
- NYU Stern — Seed