What is Ecorithm?
Ecorithm, formerly known as Pametan, specializes in artificial intelligence solutions designed for smart buildings. Their core technology focuses on enhancing energy efficiency and occupant comfort through self-supervised AI, which has demonstrated the capability to optimize energy consumption by 38% and boost building comfort by 60%. The platform is particularly tailored for older buildings undergoing energy-saving retrofits, offering dynamic analytics and automation for building management systems. With a footprint across over 50 million square feet of real estate, Ecorithm's solutions contribute to making buildings more productive and sustainable.
How much funding has Ecorithm raised?
Ecorithm has raised a total of $24.1M across 7 funding rounds:
Debt
$650K
Debt
$1.8M
Debt
$1.6M
Private Equity
$13.8M
Debt
$2.8M
Private Equity
$3.3M
Debt
$36K
Debt (2011): $650K, investors not publicly disclosed
Debt (2013): $1.8M, investors not publicly disclosed
Debt (2015): $1.6M, investors not publicly disclosed
Private Equity (2016): $13.8M, investors not publicly disclosed
Debt (2016): $2.8M, investors not publicly disclosed
Private Equity (2017): $3.3M, investors not publicly disclosed
Debt (2021): $36K led by PPP
What's next for Ecorithm?
The recent substantial expansion capital infusion positions Ecorithm for significant growth and market penetration. This major enterprise-level funding is likely to fuel further research and development into advanced AI algorithms, expand their sales and implementation teams, and potentially explore new geographical markets. The company's focus on optimizing existing building infrastructure aligns with global sustainability trends and increasing regulatory demands for energy efficiency, suggesting a strong trajectory for future development and strategic partnerships.
See full Ecorithm company page
