What is Encycle?
Encycle Technologies, Inc. is at the forefront of optimizing commercial HVAC systems through patented machine learning technology. Their flagship product, Swarm Logic, integrates with existing building controls to deliver real-time adaptive intelligence, thereby enhancing energy efficiency, improving occupant comfort, and substantially reducing operational costs and carbon footprints. The company primarily targets multi-site commercial and industrial clients, including building owners, operators, and utility partners, aiming to fundamentally transform energy management strategies within the built environment.
How much funding has Encycle raised?
Encycle has raised a total of $11.5M across 1 funding round:
Private Equity
$11.5M
Private Equity (2016): $11.5M with participation from EnerTech Capital, Prelude Ventures, NGEN Partners, Export Development Canada, and BDC
Key Investors in Encycle
EnerTech Capital
EnerTech Capital is a venture capital firm with over 25 years of experience investing in innovative energy sector companies, focusing on areas like Mobility, Industry 4.0, and Connected Customer solutions.
Prelude Ventures
Prelude Ventures is an investment firm dedicated to supporting early-stage startups that offer significant potential for climate change mitigation, with a focus on sectors including the built environment and energy.
NGEN Partners
NGEN Partners is a venture and growth equity investor that backs entrepreneurs developing innovative and environmentally sustainable products and services, with a focus on Tech-Enabled Sustainability.
What's next for Encycle?
With the recent influx of major enterprise-level funding, Encycle is strategically positioned to expand its market reach and enhance its technological capabilities. The company's focus on sustainability and operational efficiency in HVAC systems aligns with growing global demands for greener building solutions. Future developments are likely to involve further integration of AI and machine learning to provide even more sophisticated energy management insights, potentially expanding into new market segments or enhancing existing client offerings to drive deeper energy savings and operational improvements.
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