Verdigris Technologies is a technology company.
Verdigris Technologies has raised $15.0M across 2 funding rounds.
Verdigris Technologies has raised $15.0M in total across 2 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 $15.0M in total across 2 funding rounds.
Verdigris Technologies's investors include Breakthrough Energy Ventures, DCVC (Data Collective), Fifth Wall, Oyster Ventures, Winklevoss Capital.
Verdigris Technologies has raised $15.0M across 2 funding rounds. Most recently, it raised $10.0M Venture Round in August 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 1, 2023 | $10.0M Venture Round | Breakthrough Energy Ventures, DCVC (Data Collective), Fifth Wall | |
| Jan 1, 2018 | $5.0M Series A | Oyster Ventures, Winklevoss Capital |