Vutiliti, Real-Time Energy Data Monitoring Company, Raises $11.75 Million in Series A Funding
Exelon Corporation (EXC)
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Source: Business Wire
SALT LAKE CITY--(BUSINESS WIRE)--Vutiliti (pronounced view-tility), the innovative smart utility monitoring company based out of Salt Lake City, Utah, announced today that it has received a Series A investment of $11.75 million led by Constellation Technology Ventures, the venture investing arm of Exelon Corporation, and Cycle Capital Management. Also invested are Chevron Technology Ventures, University Venture Fund, and a continuing investor, Kickstart Seed Fund. The funding will accelerate Vutiliti’s global expansion and development of its proprietary HotDrop™ technology and utility monitoring systems.Over 39% of total greenhouse gas emissions (GHG) come from electricity production and the operation of buildings due in large part to the use of equipment that is hidden away behind locked doors, on rooftops, and in basements. Because of the location of this equipment, emerging issues may increase GHG emissions and utility expenses and not be identified until there are critical fai
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