Copper Labs
Financials
Estimates*
USD | 2022 | 2023 |
---|---|---|
Revenues | 1.4m | 2.2m |
% growth | - | 55 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$950k | Seed | ||
N/A | Seed | ||
$2.0m | Seed | ||
$2.0m | Seed | ||
* | $5.5m | Series A | |
Total Funding | €9.5m |
Recent News about Copper Labs
EditCopper Labs is a technology company that provides real-time intelligence solutions for gas, water, and electric utilities. The company operates in the energy management market, offering a unique service that remotely collects near real-time data from existing utility meters without the need for extensive infrastructure overhauls. This allows utilities to integrate distributed energy resources (DERs) and decarbonize their grids efficiently. Copper Labs serves utility companies and their customers, helping them to unlock better data and insights from their existing metering infrastructure. The business model revolves around providing high-quality, timely consumption data through a wireless approach, which is then utilized via their software platforms to enable both utilities and customers to make informed decisions quickly and easily. Copper Labs generates revenue through the sale of its patented technology and software solutions, which help utilities reduce energy consumption and operational costs while advancing a sustainable future.
Keywords: real-time data, energy management, utility meters, sustainable energy, DER integration, decarbonization, wireless data collection, software platforms, energy reduction, utility solutions.