Encycle Corporation
Financials
Estimates*
USD | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | 3.6m | 3.6m | 3.1m | 3.5m | 3.5m |
% growth | - | - | (14 %) | 13 % | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Seed | ||
N/A | $2.5m | Early VC | |
$5.5m | Early VC | ||
N/A | - | ||
$50.0k | Grant | ||
$7.0m | Series B | ||
$5.0m Valuation: $35.0m | Series B | ||
N/A | $11.5m | Late VC | |
N/A | $4.9m Valuation: $57.5m | Late VC | |
* | $7.5m Valuation: $57.5m | Late VC | |
Total Funding | €40.0m |
Recent News about Encycle Corporation
EditEncycle Technologies specializes in HVAC optimization software, leveraging advanced algorithms and machine learning to enhance the performance of heating, ventilation, and air conditioning systems in real-time. Serving commercial clients, particularly in the retail sector, Encycle operates within the energy management market. The company's business model revolves around providing software solutions that integrate seamlessly with existing building controls, offering enterprise-wide scalability and ease of deployment. Encycle generates revenue through the sale and licensing of its patented Swarm Logic technology, which has been recognized with multiple industry awards for its innovation. By improving energy efficiency and reducing operating costs, Encycle has saved its customers over $20 million to date. The company is endorsed by utilities and is known for its significant contributions to reducing carbon footprints and enhancing building comfort.
Keywords: HVAC optimization, energy efficiency, machine learning, real-time control, commercial retail, patented technology, energy management, cost reduction, carbon footprint, building comfort.