# Utonomy

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

- Industry: Oil & Gas
- Headquarters: Southampton, UK
- Website: www.utonomy.co.uk
- Total disclosed funding: $1.2M
- Latest round: Seed (Jan 13, 2017)
- Investors on record: 2

## About

Utonomy Ltd. develops innovative technologies that enhance gas network efficiency and sustainability, focusing on pressure management and emissions reduction through advanced monitoring systems.Founded in 2015, Utonomy Ltd. is based in Southampton, UK, and specializes in network monitoring solutions for gas operators. The company has secured funding with notable backing from Foresight Group Holdings. In September 2017, Utonomy raised GBP 0.5 million, which valued the firm at GBP 4.76 million post-money, with a total of 2 deals reported to date. Adam Kingdon leads the company as CEO.Utonomy specializes in innovative technologies designed to enhance the efficiency and sustainability of gas network operations. Its core offering, UtonomyOne, is an intelligent network monitoring and control system that enables gas operators to optimize pressure management, reduce methane emissions, and maximize biomethane feed-in. This system provides cloud-based software integrated with advanced control hardware, facilitating seamless deployment within existing infrastructure. Utonomy targets gas distribution networks within the United Kingdom and potentially other European markets, catering to utility companies such as SGN and Wales & West Utilities. These entities utilize Utonomy’s solutions to achieve decarbonization, digitalization, and decentralization objectives while minimizing operational disruptions for end-users, including residential and business consumers reliant on natural gas for heating.Utonomy's revenue model is primarily structured around B2B partnerships with gas distribution network operators. The company engages in contracts that involve the deployment of its UtonomyOne pressure control technology, which may include a combination of installation and ongoing service agreements. Transactions are structured as long-term contracts, focusing on performance-based metrics that align with increasing biomethane injection capacity and reducing methane leakage. The pricing framework typically involves upfront costs associated with technology deployment, along with potential recurring fees related to software maintenance and updates. While specific financial details remain undisclosed, Utonomy's focus on partnerships with utility providers indicates a steady revenue stream linked to service efficacy and operational improvements delivered to their clients.Utonomy plans to utilize the GBP 0.5 million raised in September 2017 to support ongoing product development and market expansion efforts. The company is focused on enhancing its UtonomyOne system and aims to introduce new features tailored for the European market by 2020. Additionally, Utonomy is targeting strategic partnerships within other European regions to broaden its customer base beyond the UK and establish a presence in markets such as France and Germany, promoting their technology to facilitate improved gas management solutions.

## Funding rounds

- Seed, Jan 13, 2017, $1.2M — The FSE Group, Institution of Mechanical Engineers

## Investors

- The FSE Group — Seed
- Institution of Mechanical Engineers (https://capitalatlas.ai/funds/institution-of-mechanical-engineers) — Seed