Here's Ampotech! They just raised a $1.78M SGD ($1.28M) Pre-Series A. They make it easy for businesses to manage their energy usage — whether it's a building, home or industrial facility.

• Their products are used by leading energy and real estate companies, like Sunseap.
• They have thousands of devices deployed in residential, commercial and industrial buildings across Asia.

Investor check. Earth Venture Capital (Earth VC) led the round. KSL Maritime Ventures, the VC arm of The Kuok Maritime Group, along with existing investors Silicon Solution Ventures and SEEDS Capital, also joined in!

• They last raised a $1M SGD ($760k) seed in 2019.

🤨 What it's all about

They build IoT hardware and AI-enabled software to make it easy for businesses to collect, analyze and integrate data on building and machine energy usage.

• This simplifies sustainability reporting, benchmarking, automation and facilities management.
• Manage and decrease costs, track the ROI from upgrades and verify whether your efforts to conserve energy actually work.

⚡️How they do it

AmpoHub. Measure the power consumption of equipment and transmit the data to the online AmpoCloud software platform.

• It's a physical wireless-enabled power meter and IoT (internet of things) gateway.
• It monitors devices like air conditioners, freezers, solar inverters, lighting systems and fans.

AmpoCloud. See and map real-time energy consumption of different zones or pieces of equipment you're monitoring— no matter where you are. It'll make it so much easier to manage, analyze and visualize energy consumption and performance.

• It's a software platform that you can access from anywhere.
• You can also add alerts and use it to detect anomalies.

💰 What's with the $$$?

They'll be opening their first international office and taking their solutions to new verticals — even beyond their current base in commercial real estate.

Oh, and they're looking to raise their Series A this year too!