8-crore Energy Boost for Zenatix from pi Ventures
Zenatix Solutions has raised ₹ 8 crore from investors led by pi Ventures in a pre-series A round which also saw participation from existing investor Blume Ventures, reports Shadma Shaikh.
The data-driven energy efficiency startup had earlier raised angel funding from Trifecta Capital’s Rahul Khanna, Google’s Rajan Anandan and Snapdeal cofounders Kunal Bahl and Rohit Bansal. The company plans to use the current round of funding for expanding business and recruitment.
Aiming to address the energy efficiency problem faced by a range of customers, the company uses advanced machine learning-based models and delivers 10-30% energy efficiency to large commercial consumers of electricity.
The company’s first internetof-things equipped offering WattMan addresses the challenges of energy conservation in an automated manner.