Verdigris Raises $10 Million in Funding

by Kay Aloha Villamor in August 22nd, 2023

Verdigris, a Mountain View, CA-based provider of AI-powered energy management solutions, raised $10 million in funding to support the company’s next phase of growth.

The funding round was led by DCVC and Solea Energy, with several other noteworthy firms and individuals also participating in the investment. As part of the investment, Paul Morris, the Chief Strategy Officer at Solea Energy, will be joining Verdigris' board of directors.

The fresh funding will accelerate the adoption of the AI-powered energy management platform across carbon-intensive enterprises.

Verdigris’ platform provides carbon-intensive enterprises with the highly granular, real-time data and analysis needed to make progress towards net zero goals, reduce Scope 2 emissions, and maintain compliance with emerging disclosure requirements.

"We’re excited for this next phase of growth, bolstered by the support of sophisticated venture capital partners who possess a comprehensive understanding of the market landscape and its players,” remarked Mark Chung, Co-Founder, and CEO of Verdigris. “This funding not only acknowledges the immense potential of our technology but also the capabilities and resilience of our team. With these resources, we are set to expedite the adoption of our platform among our largest enterprise clients and further refine our feature set to cater to their ever-evolving demands for climate action.”

This new capital propels Verdigris closer to its goal of revolutionizing every building on the planet with AI-powered energy intelligence.

Company: Verdigris Technologies, Inc. 

Raised: $10.0M

Round: Unknown

Funding Month: August 2023

Lead Investors: DCVC and Solea Energy

Additional Investors:

Company Website:

Software Category: AI-powered Energy Management Solutions

About the Company: Verdigris Technologies provides a hardware-enabled SaaS solution for enterprises with substantial carbon emissions. By integrating advanced sensor technology, cloud software, and AI, its platform delivers real-time, circuit-level energy monitoring and data analysis to enhance operational efficiency and enable precise tracking, monitoring, and reduction of Scope 2 emissions, while maintaining compliance with emerging disclosure requirements. Among other honors, Verdigris was named one of the top ten Most Innovative Companies in Energy by Fast Company and selected as the Frost and Sullivan Technology Innovation Leader in the North American AI-based Energy Management and Automation Industry. Verdigris is headquartered in Silicon Valley, California, with offices in the US and Taiwan.


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