Otovo
Construction Management · Norway · 201-500 Employees
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Overview
Headquarters
Torggata 00181 11, Oslo, Oslo, 0181, Nor...Phone Number
(833) 317-6937Website
www.otovo.comRevenue
$157.9 MillionIndustry
ZI Rank: 4
Signal Type
Mar
Apr
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Aug
ZI Rank
3
4
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4
About Otovo
Otovo allows home energy systems work by closing the reliability gap, combining real-time equipment monitoring, rapid repairs, dependable power supply, and grid rewards into a single, seamless service.Explore more
Otovo Org Chart
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Company Profile Activity
Activity Insights
Otovo is experiencing very low activity levels compared to other companies in the Construction sector.
What does this means?
Otovo is drawing exceptional interest within the Construction industry, suggesting notable developments or strong market momentum, learn more about Otovo.
Otovo financials insights
Gather financial insights about Otovo, including details on funding rounds, investors, total funding, and acquisitions, to gain a comprehensive understanding of their financial strategy.
2016
Other Financing Round
$2.8M
2017
Unspecified
$7.2M
2022
Unspecified
$34M
2026
Stock/Share Issuance
$14M
Otovo Tech Stack
A closer look at the technologies used by Otovo
Most Recent Scoops
Person-Based
Earnings, Finance
Project
Otovo has introduced Iris, an AI assistant deployed within the past few weeks, capable of autonomously resolving customer service cases by cross-referencing installation records, manufacturer communications, and case data to deliver end-to-end resolutions within minutes.
Automation, Customer Service, Artificial Intelligence, Autonomous Technology
Project
Otovo has deployed an AI-powered quoting system for B2B work orders that achieved approximately a 95% exact match rate with the company's top human estimator following a two-week trial period, enabling immediate cost estimation and work order scheduling.
Proof of Concept (POC), Artificial Intelligence
Project
Otovo has reported that its Nessie autonomous monitoring system now resolves approximately 85% of internal software faults independently, up from 5% approximately 60 days ago, following upgrades to the underlying AI models.
Automation, Software, Artificial Intelligence, Autonomous Technology
Mergers & Acquisitions (M&A)
Mergers & Acquisitions, Acquisitions, Mergers
Otovo News & Media
Otovo USA Launches with $4+ Million in Funding to Create an AI-Driven Home Energy ...
HOUSTON, September 08, 2025--Clean-energy innovator William J. "John" Berger today announced the formation of a new U.S. home energy service company, Otovo USA, which successfully raised more than $4 million in initial funding, led by EIC Rose Rock. As founding Chief Executive Officer, Berger is introducing a simple, customer-first home power offering that brings together three essential energy services – retail, service, and trading – into one integrated solution for homeowners. Otovo USA is paOtovo announces layoff plan - PV Magazine
Norway's Otovo says it plans to lay off around 170 employees. The company, which operates in 13 European countries, employed 384 people by the end of 2023.Norwegian Solar Group Otovo Slashes Workforce By Half - Barron's
Norwegian group Otovo, the biggest residential solar power provider in Europe by its own account, said Tuesday it would cut 46 percent of its workforce to counter industry-wide "headwinds".Solar marketplace Otovo raises NOK 450 million - PV Magazine
Otovo, a marketplace for solar and battery storage, successfully completed a capital raise of NOK 450 million (EUR 40m) on Thursday. The round was led by the existing investors Å Energy, Axel Johnson Group and Nysnø (The Norwegian Government Climate Investment Fund). The equity raise allows Otovo to ensure its path to profitability and to get the company to the number one position in the European residential solar market
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Otovo allows home energy systems work by closing the reliability gap, combining real-time equipment monitoring, rapid repairs, dependable power supply, and grid rewards into a single, seamless service.... Read More
