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§ Private Profile · Cambridge, MA, USA
Offers an AI-enabled demand optimization platform to reduce energy costs and increase efficiency for commercial buildings, managing peak demand.
Based in Wellesley, Massachusetts, DemandQ develops AI-enabled intelligent demand optimization software designed to automatically reduce energy costs and increase operational efficiency for commercial buildings. The enterprise software company currently operates with fewer than 25 employees and has raised under $5 million in total venture funding across two distinct financing rounds. Through its automated grid stabilization technology, the platform has delivered more than $4 million in verified customer savings, mitigated over 175,000 kilowatts of peak electrical demand, and reduced carbon dioxide emissions by more than 7,800 metric tons. The system actively manages energy consumption for retail chains, banking networks, restaurant chains, and various institutional clients. These commercial deployments span nationwide across major United States utility territories, including New England ISO, PJM, MISO, SPP, and ERCOT. DemandQ was originally founded in 2009 by chief executive officer George Buchanan.
DemandQ has raised $2.5M across 1 funding round.
DemandQ has raised $2.5M in total across 1 funding round.
DemandQ has raised $2.5M across 1 funding round. Most recently, it raised $2.5M Series A in June 2014.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 24, 2014 | $2.5M Series A | Michael Smith | Alicia Barton, Julianne Zimmerman | Announced |
DemandQ has raised $2.5M in total across 1 funding round.
DemandQ's investors include Michael Smith, Alicia Barton, Julianne Zimmerman.