InnoWatts

OverviewSuggest Edit

Innowatts is a technology company developing AI-based solutions for utilities and retail energy providers. The company aims to reduce costs in the energy value chain. It uses active data from a vast number of smart meters deployed globally combined with AI and machine learning technologies to build models predicting consumption levels. The suite of these solutions is implemented within eUtility cloud platform (PaaS). Innowatts serves big retail energy providers, regulated utilities, regulatory and public policy boards, and smart communities globally.
TypePrivate
Founded2014
HQHouston, US
Websiteinnowatts.com
Employee Ratings4.7

Latest Updates

Employees (est.) (Oct 2020)89(-7%)
Cybersecurity ratingDMore

Key People/Management at InnoWatts

Akhlak Ahmed

Akhlak Ahmed

Chief Analytics Officer
Eric Danziger

Eric Danziger

Chief Revenue Officer
Jason Davis

Jason Davis

Chief Financial Officer
Jen Pearsall

Jen Pearsall

Director of Marketing
Michael Donnelly

Michael Donnelly

Board Member
Carl Stjernfeldt

Carl Stjernfeldt

Board Member
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InnoWatts Office Locations

InnoWatts has an office in Houston
Houston, US (HQ)
601 Sawyer St #205
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InnoWatts Financials and Metrics

Summary Metrics

Founding Date

2014

InnoWatts total Funding

$24.2 m

InnoWatts latest funding size

$18.20 m

Time since last funding

a year ago

InnoWatts investors

InnoWatts's latest funding round in May 2019 was reported to be $18.2 m. In total, InnoWatts has raised $24.2 m
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InnoWatts Operating Metrics

May, 2019

Connected Devices

21 m

Markets

13
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InnoWatts Cybersecurity Score

Cybersecurity ratingPremium dataset

D

66/100

SecurityScorecard logo

InnoWatts Online and Social Media Presence

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InnoWatts News and Updates

Innowatts to Partner with Shell for AI-Powered Demand Forecasting

HOUSTON, Aug. 26, 2020 /PRNewswire/ -- Innowatts, a leading energy Software as a Service (SaaS) platform that helps electricity providers optimize and transform their businesses with artificial intelligence (AI) enabled forecasting and customer-centric data analytics, today announced its...

Innowatts Named Technology Pioneer by World Economic Forum

HOUSTON, June 16, 2020 /PRNewswire/ -- Innowatts, a data analytics company that helps utilities and energy retailers from around the world optimize their businesses with energy usage data and AI-enabled predictive analytics, today announced its selection by the World Economic Forum as one...

VC-backed Innowatts taps Danziger as CRO

Houston-based Innowatts, a provider of AI-enabled energy analytics solutions, has named Eric Danziger as chief revenue officer. Previously, he was the co-founder of Genability. Innowatts is backed by Energy Impact Partners, Evergy Ventures, Shell Ventures, Iberdrola, Energy and Environment Investmen…

Innowatts Hires New Chief Revenue Officer and Brings in Additional Funding

HOUSTON, July 18, 2019 /PRNewswire/ -- Innowatts, a leading provider of AI-enabled energy analytics solutions, today announced the appointment of Eric Danziger as its new Chief Revenue Officer. The company also secured additional funding from Veronorte, a South American venture capital...

InnoWatts Blogs

Dealing with Negative Demand Shock – How AI Based Forecasting Increased Accuracy by 20%

For the first in a series of updates from Innowatts Europe, we sat down with Dave Boundy, our CTO and General Manager Europe, to get his take on the implications of COVID-19 on Utilities and Energy Retailers in Europe. What has been the impact of COVID-19 in Europe? It’s been a negative demand shock…

Employee Spotlight: Gaurav Arya

Welcome to our first Innowatts’ Employee Spotlight! Our teams may be working remotely right now, protecting ourselves and communities from COVID-19, but Innowatts is still actively hiring for a variety of roles. In our employee spotlights, which we will be sharing every couple of weeks on our blog, …

Innowatts’ COVID-19 Response

As coronavirus (COVID-19) diagnoses increase around the world, Innowatts is committed to providing a safe and healthy environment to its employees. While our employees are currently working remotely to do our part to flatten the curve, we are focused on ensuring business continuity in service to our…

Energy Forecasting: The Fulcrum of Tomorrow’s Energy Infrastructure

For electricity suppliers, success is all about understanding what’s coming next. As long as providers understand both short term and long term energy demand, they’ll be able to adapt and ensure that they’re using the most reliable and affordable means possible to generate energy in any given moment…

Utility Creates New Revenue Stream with AMI Data and Consumer Analytics

Imagine you are one of the largest utilities in the United States with solar capacity and you are tasked with revolutionizing the way your utility does business. Where do you start? Three years ago, Kim Wagie, Director Digital Transformation & Continuous Improvement for Arizona Public Service – …

#DTECH2020: Serving Up AI Solutions, With a Side of Veg

DistribuTECH might be one of the only places in the world where you can listen to futurists from tech giants like IBM talking — earnestly, and without a hint of irony — about how best to prune foliage.  Of course, that’s because vegetation management is a big deal for energy distributors, especially…
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InnoWatts Frequently Asked Questions

  • When was InnoWatts founded?

    InnoWatts was founded in 2014.

  • Who are InnoWatts key executives?

    InnoWatts's key executives are Akhlak Ahmed, Eric Danziger and Jason Davis.

  • How many employees does InnoWatts have?

    InnoWatts has 89 employees.

  • Who are InnoWatts competitors?

    Competitors of InnoWatts include Grid4C, Noveda Technologies and AutoGrid.

  • Where is InnoWatts headquarters?

    InnoWatts headquarters is located at 601 Sawyer St #205, Houston.

  • Where are InnoWatts offices?

    InnoWatts has an office in Houston.

  • How many offices does InnoWatts have?

    InnoWatts has 1 office.