Sealed buys sensor startup InfiSense to power energy-saving services
Sealed has built a business around predicting energy use and getting homeowners willing to move away from fossil fuels. So, naturally, the company's first acquisition is a startup that tracks energy at a granular level.
Sealed did not disclose the terms of the deal, but said in a statement that picking up Burlington, Vermont-based InfiSense would help it "reduce household energy waste" .
According to the Manhattan headquarters, Sealed funds and oversees electrification upgrades, such as replacing oil or gas heaters with electric heat pumps and insulation. Ridding homes of fossil fuels can lower energy bills, reduce household emissions and improve your health. You may have seen this topic in the news lately, as potential stove regulations are now the latest flashpoint in a culture war over clean energy.
At this point, InfiSense's sensors and software monitor air quality in addition to energy consumption in buildings, and Sealed plans to share this kind of air quality data. with customers all the way.
Sealed is unique in that it covers installation and weatherization costs up front. Instead, it charges a flat fee based on the energy its machine-learning algorithms predict homeowners will save over time. If Sealed underestimates a home's energy use, it eats up the cost, hence the need to refine these predictions.
The "powerhouse of our business is our ability to predict people's energy use over time, and that's built on great access to data," co-founder and CEO Lauren Salz said on a call. with TechCrunch. Currently, Sealed's algorithms rely on monthly utility energy data, but buying InfiSense will give it "access to a deeper level of customer data," Salz said.
Sealed plans to install InfiSense's sensors in some of its customers' homes, but Salz said he won't need them. The data Sealed collects will inform its predictions and allow it to offer curious customers detailed insight into their energy use and air quality.
Sealed has built a business around predicting energy use and getting homeowners willing to move away from fossil fuels. So, naturally, the company's first acquisition is a startup that tracks energy at a granular level.
Sealed did not disclose the terms of the deal, but said in a statement that picking up Burlington, Vermont-based InfiSense would help it "reduce household energy waste" .
According to the Manhattan headquarters, Sealed funds and oversees electrification upgrades, such as replacing oil or gas heaters with electric heat pumps and insulation. Ridding homes of fossil fuels can lower energy bills, reduce household emissions and improve your health. You may have seen this topic in the news lately, as potential stove regulations are now the latest flashpoint in a culture war over clean energy.
At this point, InfiSense's sensors and software monitor air quality in addition to energy consumption in buildings, and Sealed plans to share this kind of air quality data. with customers all the way.
Sealed is unique in that it covers installation and weatherization costs up front. Instead, it charges a flat fee based on the energy its machine-learning algorithms predict homeowners will save over time. If Sealed underestimates a home's energy use, it eats up the cost, hence the need to refine these predictions.
The "powerhouse of our business is our ability to predict people's energy use over time, and that's built on great access to data," co-founder and CEO Lauren Salz said on a call. with TechCrunch. Currently, Sealed's algorithms rely on monthly utility energy data, but buying InfiSense will give it "access to a deeper level of customer data," Salz said.
Sealed plans to install InfiSense's sensors in some of its customers' homes, but Salz said he won't need them. The data Sealed collects will inform its predictions and allow it to offer curious customers detailed insight into their energy use and air quality.
What's Your Reaction?
