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§ Private Profile · Moffett Field, CA, USA
Verdigris Technologies is a technology company.
Verdigris Technologies develops and deploys AI-driven energy management solutions. The company's core offering delivers precision power monitoring and AI-powered fault detection capabilities, primarily designed to prevent critical downtime and optimize operational capacity within data centers. Their technology leverages artificial intelligence to analyze complex energy consumption patterns, identify inefficiencies, and predict potential equipment failures before they occur, enhancing reliability and resource utilization in large-scale facilities.
The company was founded in 2011 by Mark Chung, Thomas Chung, and Jonathan Chu. Their collective insight stemmed from recognizing the significant inefficiencies and potential for optimization within large commercial and industrial energy footprints. They envisioned a method to apply advanced artificial intelligence and sensor technology to transform how businesses manage and consume energy, moving beyond traditional monitoring to predictive intelligence.
Verdigris primarily serves the data center industry, addressing their critical need for uninterrupted operations and energy efficiency. The product assists facility managers in maintaining optimal conditions and extending equipment lifespan. Verdigris's long-term vision centers on establishing intelligent energy infrastructure that enables facilities to operate with greater sustainability, resilience, and cost-effectiveness, fostering a future where energy management is proactively intelligent and automated.
Verdigris Technologies has raised $40.7M across 5 funding rounds.
Verdigris Technologies has raised $40.7M in total across 5 funding rounds.
Verdigris Technologies is an AI-driven energy management company that builds hardware-enabled SaaS solutions for smart building efficiency, focusing on real-time, circuit-level electrical monitoring and adaptive automation.[1][2][3][5] It serves data centers, commercial buildings, and industrial facilities by solving problems like energy waste, downtime risks, and Scope 2 emissions through AI analytics that optimize HVAC, power systems, and capacity—delivering savings of $0.10 per square foot or more with payback periods of 6-24 months.[1][3][5] Founded in 2012 (with some sources noting co-founding in 2010), the company has raised $42.39M in VC funding, monitors tens of millions of square feet, and employs about 85 people as of early 2025, positioning it as a challenger against giants like Siemens and Schneider Electric.[1][3]
Verdigris was co-founded in 2012 by Mark Chung (CEO), Jon, and Thomas, who met in a San Francisco apartment to brainstorm the name—drawing from "verdigris," the green patina on copper that symbolizes revealing electricity's hidden potential, aligning with their sustainability goals.[2] Headquartered in Los Altos, California (with ties to NASA Ames Research Park), the idea emerged from transforming legacy electrical data into modern, cloud-first software via advanced sensors installed in panels for granular insights.[1][2][3] Early traction built on this RESTful API platform, attracting VC backing and strategic partners committed to carbon-free futures, with funding rounds culminating in $10M two years ago and steady growth to monitor vast building footprints.[1][2]
Verdigris rides the AI data center boom and net-zero mandates, where surging GPU demands strain power infrastructure amid rising Scope 2 disclosure rules—its precision monitoring unlocks stranded capacity and prevents outages in hyperscale facilities.[3][5] Timing aligns with digitalization and wireless building management trends, as AI optimizes unpredictable loads that traditional tools can't handle, positioning Verdigris to influence the $ multi-billion smart building market.[1][3] By enabling emissions tracking and automation, it accelerates sustainability in commercial/industrial sectors, competing with incumbents while empowering operators to scale AI ops efficiently.[1][5]
Verdigris is primed to dominate AI-era data center energy intelligence, expanding from commercial buildings into hyperscalers as power constraints intensify. Trends like AI-driven optimization and regulatory pressures will fuel deployments, potentially doubling monitored footprints via partnerships. Its influence could evolve into a standard for electrical resilience, turning invisible inefficiencies into scalable revenue—revealing the hidden potential of power, just as its name evokes.[2][5]
Verdigris Technologies has raised $40.7M in total across 5 funding rounds.
Verdigris Technologies's investors include Rachel Slaybaugh, Paul Morris, Data Collective, Solea Energy, The Dow Chemical Company, Breakthrough Energy Ventures, DCVC (Data Collective), Fifth Wall, Oyster Ventures, Winklevoss Capital, Joseph McGee, Stanford.
Verdigris Technologies has raised $40.7M across 5 funding rounds. Most recently, it raised $10.0M Other Equity in August 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 21, 2023 | $10M Venture Round | Rachel Slaybaugh, Paul Morris, DOW | — | Announced |
| Aug 1, 2023 | $10M Series U | Data Collective, Solea Energy, The DOW Chemical Company | Breakthrough Energy Ventures, Dcvc (data Collective), Fifth Wall | Announced |
| Jan 1, 2018 | $5M Series A | — | Oyster Ventures, Winklevoss Capital | Announced |
| Oct 20, 2016 | $6.7M Series A | Joseph Mcgee | Stanford, Mark Smith | Announced |
| Mar 24, 2016 | $9M Venture Round | — | Data Collective, Founder.org, Jabil, Stanford | Announced |