Ibis Networks is a data management software provider for businesses to track their electrical usage.
Business Model: B2B
Revenue: $0
Employees: 11-50
Address:
City: Honolulu
State: Hawaii
Zip:
Country: United States
WattIQ was founded as Ibis Networks in 2013 to solve the problem of wasted energy from electrical devices that consume power even when not in use. This problem costs businesses billions of dollars in excess costs per year. Our first commercial product was launched in 2014, with early deployments focused on proving the scalability and reliability of our networked smart plugs across higher education, K-12 schools and projects driven through utilities. Over the past year, we have expanded our solution offering to address asset utilization and condition monitoring, enabling businesses to use energy consumption data to optimize asset sharing, reduce unnecessary equipment purchases, identify bottlenecks in their processes, and reduce their carbon footprint through reduced purchasing and electricity consumption. We are excited to work with you to re-imagine your asset sharing, procurement and maintenance programs by unlocking your asset utilization and condition data.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 11/2013 | Venture Round | 1 | - |
Elemental Excelerator Elemental Excelerator Elemental Excelerator Elemental Excelerator |
10/2013 | Seed Round | 1 | - |
Elemental Excelerator Elemental Excelerator |
12/2014 | Convertible Note | 1 | $1M |
Keiretsu Capital Keiretsu Capital |
1/2016 | Venture Round | 1 | - |
Keiretsu Capital Keiretsu Capital |
10/2014 | Seed Round | 1 | - |
Elemental Excelerator Elemental Excelerator |
12/2016 | Series A | $2.5M | 5/2015 | Venture Round | 1 | - |
Keiretsu Forum Northwest Keiretsu Forum Northwest |
1/2015 | Debt Financing | $450k | 1/2016 | Venture Round | 1 | - |
Keiretsu Capital Keiretsu Capital |
5/2015 | Venture Round | 1 | - |
Keiretsu Forum Northwest Keiretsu Forum Northwest |
10/2014 | Seed Round | 1 | - |
Elemental Excelerator Elemental Excelerator |
11/2013 | Venture Round | 1 | - |
Elemental Excelerator Elemental Excelerator Elemental Excelerator Elemental Excelerator |
10/2013 | Seed Round | 1 | - |
Elemental Excelerator Elemental Excelerator |
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