Verdigris is an AI-powered smart building management platform that optimizes energy consumption for organizations with data, insights, and automation. Through artificial intelligence and IoT-enabled sensors, Verdigris has reduced energy spending for customers by 20-50%. This not only helps organizations save money but also reduces their carbon footprint. Some of the world’s most recognized companies including T-Mobile, Verizon, and Nvidia use Verdigris to combat wasteful energy usage and spending. The company was founded in 2011 by Mark Chung, Jonathan Chu, and Thomas Chung with a mission to sustain and enrich human life through responsive energy intelligence.
Verdigris has thrived over the past two years, seeing strong demand in terms of customer acquisition and expansions with its latest IoT energy meter. It shipped a record number of systems, won significant deals with industry leaders including T-Mobile and ARM, and announced a global partnership for ABB to use its AI. Verdigris received testimonials from more than two dozen tier one customers, including JLL, Verizon, T-Mobile, E&J Gallo, ARM, and Nvidia.
In 2019, Verdigris introduced Adaptive Automation, an adaptive and autonomous building controls product. Adaptive Automation integrates with building management systems to provide continuous optimization of energy consumption without human intervention while adapting to changing building conditions autonomously. Adaptive Automation takes advantage of technological advances in IoT sensors, pervasive wireless communications networks, and AI to continuously learn and predict building patterns. These capabilities make it possible to deliver optimally efficient building performance.
In the first half of 2020, Verdigris released the EV2 energy gateway, the next generation of the company’s superior IoT energy monitoring hardware. The technology enables a set of highly scalable low-cost energy management capabilities not found in other energy meter solutions at scale, since Verdigris samples each circuit at nearly 8,000 times per second. All at the lowest cost per metered endpoint in the industry.
Verdigris was created to help solve the global problem of energy waste. In just the US alone, 97B sqft of commercial and industrial buildings throw away more than $120B each year in unneeded energy costs. Some estimates suggest that more than $600B is lost each year in these verticals. This energy waste takes a tremendous toll on the planet, amounting to about 15% of carbon pollution globally. The Verdigris smart energy management system aims to improve building efficiency, reduce energy waste, and decrease carbon pollution. Verdigris has helped customers and the marketplace lower operational expenses by optimizing energy spending and automating load shedding during peak times using situationally aware and connected AI to reduce demand charges. Verdigris helps customers make smart decisions about energy, meet mandates for energy reduction and achieve carbon reduction goals.
Verdigris won the Silver Stevie Award in The 2021 International Business Awards® for Achievement in Product Innovation.
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