Ecolibrium Energy raises funding of USD 2.6 million from Infuse Ventures, JLL

Ecolibrium Energy currently services more than 500 multinational clients across sectors like engineering, FMCG, pharmaceuticals and utilities among others.

Energy analytics firm Ecolibrium Energy announced that it has raised funding of USD 2.6 million (about Rs 16.83 crore), led by Infuse Ventures, JLL and an angel investor.

Ecolibrium Energy currently services more than 500 multinational clients across sectors like engineering, FMCG, pharmaceuticals and utilities among others.

“With this fund raise, Ecolibrium Energy will deepen customer engagement and expand to international markets. The company will also increase its focus on deep machine learning algorithms for electrical equipments,” the company said in a statement.

The company’s platform ‘SmartSense’ helps users take crucial operational decisions, helping clients save up to 15 per cent of energy and asset maintenance spends.

Across existing customer base, SmartSense manages 1,300 MW of energy and over 12,000 equipment, capturing more than 100 million data points daily.

With PTI Inputs