Verv Energy specialises in high-speed data acquisitions and AI in the electrical domain. High-definition fault-finding technology for the next generation of smart Heat Pumps, and Air Conditioners. We provide usage information and product utilisation directly via a web portal app or dashboard to an existing BMI.
Verv has created an AI-based predictive maintenance isolator suite for Heat Pump, Air Conditioners, and other large electrical loads, called Verv Connect ™ Verv's high-resolution predictive maintenance technology is integrated into a microchip in the Verv isolator and detects anomalies in how a Heat Pump or Air Conditioner is performing. Verv Connect ™ provides energy monitoring for accurate energy utilisation, can identify component fatigue signs and locate faults occurring or are about to occur in the utmost detail through real-time monitoring. This early detection capability allows quick intervention to minimise equipment failure and expensive repair costs.
The high resolution at which we capture and analyse appliance data means that we have a detailed image of performance, allowing us to identify behaviour that cannot be detected with sensors or lower resolution monitoring. With the addition of artificial intelligence, we can train our algorithms to detect faults that may previously have gone unidentified.
By detecting issues in the Heat Pumps, and Air-Con early, Verv can make them more energy efficient, longer lasting and more sustainable. The remote diagnostics tool allows equipment manufacturers to benefit from an enhanced consumer experience, a reduction in the significant costs associated with repairs in warranty and new and innovative business models. We've won multiple awards including Future City Technology of the year, Meaningful Business 100 and Technology Innovation of the year.
Verv has created an AI-based predictive maintenance isolator suite for Heat Pump, Air Conditioners, and other large electrical loads, called Verv Connect ™ Verv's high-resolution predictive maintenance technology is integrated into a microchip in the Verv isolator and detects anomalies in how a Heat Pump or Air Conditioner is performing. Verv Connect ™ provides energy monitoring for accurate energy utilisation, can identify component fatigue signs and locate faults occurring or are about to occur in the utmost detail through real-time monitoring. This early detection capability allows quick intervention to minimise equipment failure and expensive repair costs.
The high resolution at which we capture and analyse appliance data means that we have a detailed image of performance, allowing us to identify behaviour that cannot be detected with sensors or lower resolution monitoring. With the addition of artificial intelligence, we can train our algorithms to detect faults that may previously have gone unidentified.
By detecting issues in the Heat Pumps, and Air-Con early, Verv can make them more energy efficient, longer lasting and more sustainable. The remote diagnostics tool allows equipment manufacturers to benefit from an enhanced consumer experience, a reduction in the significant costs associated with repairs in warranty and new and innovative business models. We've won multiple awards including Future City Technology of the year, Meaningful Business 100 and Technology Innovation of the year.
Location: United Kingdom, England, London
Employees: 11-50
Total raised: $1.62M
Founded date: 2010
Investors 4
| Date | Name | Website |
| - | Free Elect... | freeelectr... |
| 18.03.2021 | Startup Fu... | sfccapital... |
| - | Earthworm | earthwormg... |
| - | Iconiq Lab | lab.iconic... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 06.11.2017 | - | $1.62M | - |
Mentions in press and media 7
| Date | Title | Description |
| 20.09.2023 | Join climatetech changemakers as they pitch for green deals | Anticipation is growing as one of the UK’s largest investor events for climatetech innovation nears, with Cleantech Venture Day taking place on the 10th and 11th of October. Green solutions include an on-demand clothing manufacturing techno... |
| 12.05.2021 | AI-based home energy assistant Verv raises £1.23m on Crowdcube | Verv, an AI-based home energy assistant, has raised £1,234,500 in exchange for 4.72% equity on Crowdcube. With an aim of “handing control over energy bills back to the consumer”, the start-up had an initial target of £500,000 with the campa... |
| 15.04.2019 | UK-based energy tech startup wants to stop climate change with AI & blockchain | Verv, the Google-mentored energy tech startup behind the smart energy hub and green electricity sharing platform, recently announced that it has raised over £6.5 million (€7.5 million) in its Series A round led by environmental fund Earthwo... |
| 21.12.2018 | Update: Verv Extends Latest Equity Crowdfunding Round on Crowdcube | UK tech startup Verv announced earlier this week it has extended its latest equity crowdfunding campaign on Crowdcube. The initiative, which originally sought to raise £300,000, comes less than a year after the company raised £1.1 million t... |
| 06.11.2017 | Verv Raises £1.23M in Equity Crowdfunding | Verv a brand of London, UK-based Green Running Ltd, a developer of an AI-based home energy assistant, raised £1.23m in equity crowdfunding. The company raised the funds via Crowdcube in return for a 4.72% stake. The new investment will be u... |
| - | AI-based home energy assistant Verv raises £1.23m on Crowdcube | Verv, an AI-based home energy assistant, has raised £1,234,500 in exchange for 4.72% equity on Crowdcube. With an aim of “handing control over energy bills back to the consumer”, the start-up had an initial target of £500,000 with the campa... |
| - | Verv | “Streamline your service strategy with state-of-the-art predictive maintenance technology for the next generation of smart, sustainable appliances” |