# Therma

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

- Industry: Hardware
- Headquarters: San Francisco, US
- Website: www.hellotherma.com
- Total disclosed funding: $19M
- Latest round: Series A (Feb 7, 2023)
- Investors on record: 8

## About

Based in California, US, CoInspect, Inc. trading business as Therma, was founded in 2019 by co-founders Manik Suri and Aaron Cohen. In 2020, the company partnered with national restaurant brands and food and healthcare supply chain companies. Therma created Point 01, a climate-focused community-building effort that brings together like-minded entrepreneurs, investors, scientists, engineers, and other experts to develop solutions that are intimately linked to profitability and sustainability. In February 2023, Therma raised USD 19 million in series A funding from Zero Infinity Partners, Ananta Capital, H/L Ventures, Homecoming Capital, Kindergarten Ventures, Collaborative Fund, Deciens Capital, and Govtech Fund.

Therma develops IoT-powered temperature monitoring and analytics solutions for enterprises in the food, restaurant, healthcare, hospitality, and manufacturing industries to reduce food, product, and energy waste. Also, the company's wireless temperature and humidity monitoring sensors capture data and reduce the possibility of missing data, incorrect figures, and inventory waste, allowing businesses to spend less time tracking temperatures and more time focusing on other duties.

The company generates its revenue by providing its services from national restaurant brands to top supply chain businesses in food and healthcare.

The company plans to expand operations and its business reach in 2021. Also, Therma plans that by 2050, it will have reduced emissions by 3.4 billion Metric Tons of CO2, making Therma one of the climate solutions by that time.

## Funding rounds

- Series A, Feb 7, 2023, $19M — Ananta Capital, Collaborative Fund, Deciens, Govtech Fund, H/L Ventures, Homecoming Capital, Kindergarten Ventures, Zero Infinity Partners

## Investors

- Ananta Capital (https://capitalatlas.ai/funds/ananta-capital) — Series A
- Collaborative Fund (https://capitalatlas.ai/funds/collaborative-fund) — Series A
- Deciens (https://capitalatlas.ai/funds/deciens) — Series A
- Govtech Fund (https://capitalatlas.ai/funds/govtech-fund) — Series A
- H/L Ventures (https://capitalatlas.ai/funds/h-l-ventures) — Series A
- Homecoming Capital (https://capitalatlas.ai/funds/homecoming-capital) — Series A
- Kindergarten Ventures (https://capitalatlas.ai/funds/kindergarten-ventures) — Series A
- Zero Infinity Partners (https://capitalatlas.ai/funds/zero-infinity-partners) — Series A