Verdigris, an artificial intelligence company that aims to improve energy efficiency in buildings, received investments from Verizon and Jabil, bringing their total in equity financing to $6.7M. This money will be funding Verdigris’s project in energy disaggregation, which refers to technology that transforms electrical circuits into sensors that can collect data and produce a detailed map of energy usage in the building. Verdigris co-founder and CEO Mark Chung called the venture a necessary step in creating “smarter, more connected buildings.”
As of right now, Verdigris has raised $16 million total to fund technology in sensors and artificial energy to moderate energy usage; this new investment from Jabil and Verizon comes in light of Verdigris’s product upgrade- a smart sensor and metering solution that reduces energy costs for big buildings. In addition to financing Verdigris’s technology, Jabil has also announced plans to include Verdigris’s smart AI energy sensor platform in a number of its large construction sites.