Financials

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Revenues, earnings & profits over time
USD2020202120222023
Revenues<1m<1m<1m<1m
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DateInvestorsAmountRound
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N/A

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$720k

Seed

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Total Funding$720k

Recent News about Conectric

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Conectric Networks specializes in providing IoT wireless networks designed for data utility applications. The company offers zero maintenance hardware, including self-installed, 10-year lithium-powered wireless sensors that can be deployed in locations where traditional wired or energy-harvesting sensors cannot reach. These sensors are used for monitoring temperature, humidity, occupancy, proximity, and more. Conectric's solutions are secure, utilizing AES128 private keys stored in flash memory, and offer flexible data handling options, allowing clients to keep data private or ship it to the cloud. The company builds on free open-source software, providing clients with the freedom to customize their solutions.

Conectric operates in the IoT and data utility market, serving a diverse range of clients including software engineers, CEOs, and data management professionals. The business model includes selling hardware at a MSRP of $150 per sensor and offering data hosting and sensor management services on the Google Cloud Platform. Clients can also opt for a Hardware-as-a-Service (HWaaS) model, starting at $5 per month, or advanced energy intelligence systems for demand charge management and economic energy bidding, starting at $69 per month.

Keywords: IoT, wireless networks, zero maintenance, secure data, scalable mesh, sensors, data utility, open-source, HWaaS, energy intelligence.

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