# Verdigris Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/verdigris-technologies

- Industry: Software
- Headquarters: US
- Website: www.verdigris.co
- Total disclosed funding: $18M
- Latest round: Series A (Jan 30, 2018)
- Investors on record: 5

## About

Based in California, US, Verdigris Technologies, Inc. specializes in advanced building management solutions that optimize energy efficiency and monitor electrical systems for commercial facilities and AI data centers. Verdigris Technologies, Inc. develops innovative energy management solutions for commercial buildings and AI data centers. Founded in 2012 by Jonathan Chu, Mark Chung, and Thomas Chung, the company is headquartered in the United States. In March 2026, Verdigris Technologies, Inc. raised an undisclosed amount of venture funding from new investor Southwire Technology Ventures. Verdigris Technologies specializes in advanced building management solutions, focusing primarily on energy tracking, optimization, and fault detection for AI data centers and commercial facilities. Their core offerings include the Verdigris EV2 Power Meters and EV2 Pro Power Quality Meters, which provide highly granular, real-time electrical data down to the circuit level. This data enables facilities teams to automate measurement and verification (M&V), optimize energy efficiency, and substantiate cost savings without manual intervention. The company serves a diverse client base that spans various sectors, including data centers, commercial buildings, and industrial facilities, primarily in North America and Europe. By leveraging their cloud-first architecture, Verdigris provides solutions that are both scalable and resilient, ensuring clients have immediate access to critical energy data.Verdigris Technologies operates on a subscription-based revenue model, where clients pay for access to their suite of power management and analytics solutions. Revenue is generated through partnerships with businesses seeking to improve their energy management capabilities, particularly those operating AI workloads within data centers that demand high precision and reliability. Transactions typically involve annual or multi-year subscriptions for their software and hardware products, enabling clients to monitor and manage their energy use effectively. The company's flagship products, including the EV2 Power Meters, are integral to these transactions, offering clients a comprehensive platform for real-time data analytics and fault detection. By providing tailored solutions to meet the specific needs of each client, Verdigris fosters long-term relationships that enhance customer retention and drive recurring revenue.In August 2023, Verdigris Technologies, Inc. raised USD 8.72 mn in venture funding to support its growth initiatives. In March 2026, Verdigris Technologies, Inc. raised an undisclosed amount of venture funding from new investor Southwire Technology Ventures. The company will use the March 2026 funding to support its growth and scale customers optimize performance and reduce waste.

## Funding rounds

- Series A, Jan 30, 2018, $5M — Jabil Circuit, Verizon Ventures
- Series A, Sep 26, 2016, $6.7M — Jabil Circuit, DCVC, Verizon Ventures, Stanford-StartX Fund
- Series A, Dec 1, 2015, $6M — Jabil Circuit, DCVC, Founder.org, Stanford-StartX Fund

## Investors

- Jabil Circuit — Series A
- DCVC (https://capitalatlas.ai/funds/dcvc) — Series A
- Founder.org — Series A
- Stanford-StartX Fund — Series A
- Verizon Ventures (https://capitalatlas.ai/funds/verizon-ventures) — Series A