Wednesday, November 4, 2015

Sunnyvale based Bidgley raises $1.16mn, leading investor Constellation Tech Ventures

What is Bidgley?

Bidgley derived its name from the hindi meaning of the word i.e. बिजली which means electricity. It is a company founded by Mr. Abhay Gupta and Mr. Vivek Garud based in Sunnyvale, California. The company provides domestic as well as industrial level analytics of data about consumption of power by various devices. For example, if my monthly consumption in terms of units of electricity is say 500 units then the Bidgley provides solutions that can monitor the exact number of units consumed by which unit i.e. Air Conditioner used 250 units, water pump consumed 100 units, etc. Most importantly it provides the data in terms of currency i.e. units consumed multiplied rate of electricity per unit. The products and solutions offered by the company also includes monitoring solutions i.e. you will receive notifications via app installed on your smartphones if the usage has exceeded particular limit fixed by you, very similar to data pack monitoring done by our smartphones. The devices are cloud based, which means it helps you compare your usage with others who have signed off for cloud services in a particular area as it offers you Wi-Fi connectivity.

Fund raising

The company has recently raised around $1.16mn in which the lead investor is Constellation Technology Ventures which is VC arm of Exelon Corporation which itself is largest competitive U.S. power generators manufacturer.

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