February 3, 2023

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Sealed buys sensor startup InfiSense to boost energy-saving services • TechCrunch

Sealed built a business to predict energy use and get homeowners to give up fossil fuels. So, naturally, the company’s first acquisition is a startup that tracks energy at a granular level.

Sealed didn’t disclose the terms of the deal, but said in a statement that acquiring Burlington, Vermont-based InfiSense would help it “reduce energy waste at home.”

Headquartered in Manhattan, Sealed funds and oversees electrification upgrades such as: B. replacing oil or gas heating with electric heat pumps and insulation. Freeing homes from fossil fuels can reduce energy bills, reduce household emissions and improve your health. You may have seen this topic in the news recently, as possible furnace regulation is now the latest flash in a clean energy culture war.

Up to this point, InfiSense’s sensors and software will monitor air quality in addition to energy use in buildings, and Sealed plans to share this type of air quality data with future customers.

Sealed uniquely covers installation and weathering costs up front. Instead, it charges a fixed fee based on the energy its machine learning algorithms predict homeowners will save over time. When Sealed underestimates a home’s energy use, it eats up the cost — hence the need to refine those predictions.

“The lifeblood of our company is our ability to predict how people use energy over time, and that depends on good access to data,” co-founder and CEO Lauren Salz said in a conversation with TechCrunch. Currently, Sealed’s algorithms rely on monthly energy data from utility companies, but purchasing InfiSense will give it “access to a deeper level of customer data,” Salz said.

Sealed plans to install InfiSense’s sensors in the homes of some of its customers, but Salz said it won’t need them. The data Sealed will collect will support its predictions and allow it to provide curious customers with an accurate insight into their energy use and air quality.