UtilityAPI Raises $10 Million in Series A Funding

California-based UtilityAPI announced the closure of its Series A funding. The funding ended with a $10 million investment, led by Aligned Climate Capital. The new capital will go towards rapidly expanding the company’s ability to satisfy the exploding market for utility-level data-sharing platforms.

The company is leading in the software industry, providing secure, standardized, authorized access to utility data.

The company was incepted In 2014, founded by Daniel Roesler to challenge climate change by offering a simple, fast, automated solution for sharing utility customer bills and interval data, shared only with explicit customer consent, and revocable at any time.

“UtilityAPI drastically lowers the barriers for deploying energy-efficient technologies and the services that rely upon them. These services are the backbone of the future of energy and the energy transition. Without data exchange, this future is not possible,” said Devin Hampton, CEO, UtilityAPI. “This, coupled with our industry-leading commitment to privacy and security, creates a future we can all trust.”

Aligned and UtilityAPI both share a common goal to combat climate change. But that’s far from their only synchrony. The two companies have a pronounced interest in diversifying the clean energy sector. 

Among several other factors, Aligned maintains its focus on companies to invest in through the lens of ESG (Environmental, Social, Governance) metrics.

UtilityAPI is a company led by a diverse leadership team of three people who share no major demographics.

Ever since the onset of the pandemic, the company has negotiated deals with various Investor Owned Utilities (IOUs), Community Choice Aggregators (CCAs), and Municipal Utilities in the United States and Canada to bring their data sharing platform to millions of customers, third parties and energy efficiency providers.