Bidgely Strengthens European Foothold with New Business Unit Established in the Netherlands

MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–Bidgely
continues to expand its disaggregation platform and Artificial
Intelligence business for global utilities by establishing a new
European presence based in the Netherlands. The new entity will help
streamline scaling the Bidgely team to best serve customers in the
region. This expansion comes shortly after Bidgely closed a $27M
Series C round of financing, which includes funding from European
utilities like innogy
and was led by Georgian
Partners.

“We are reinforcing our presence in Europe in response to the surging
demand we are experiencing across the region for our AI services. The
new business unit will make the expansion of our European team more
efficient, meaning our customers in the E.U. will enjoy an additional
layer of localized support from Bidgely,” said Prateek Chakravarty, head
of global sales for Bidgely.

Bidgely also announces it is on track with General
Data Protection Regulation (GDPR) compliance, which takes effect in
May 2018 across the European Union. Bidgely solutions will comply with
all the privacy requirements under the new regulation, and the company
will collaborate with utilities to ensure compliance is met as they
evolve how they manage and protect customer data into the future.

Utilizing robust data security measures, Bidgely’s machine learning
algorithms analyze utility customer data from both smart and non-smart
meters to break down home energy usage by appliance. European consumers
can receive an itemized energy bill and integrate home energy usage
information directly into their smart home devices, helping to attract
new customers for utilities offering Bidgely solutions. Understanding
how customers use energy also reduces utilities’ business costs by
expediting high bill calls or eliminating them all together, while also
allowing them to pinpoint and personalize program offerings to generate
new revenue.

For more about the Bidgely Platform, visit: http://bidgely.com/solutions/

About Bidgely

Bidgely is transforming the way customers interact with their energy
use. By combining the power of SaaS-based analytics with
consumer-friendly web and mobile applications, Bidgely provides
personalized and actionable insights that help customers save energy and
enable utilities to build enduring customer relationships. The company
works with utilities serving residential customers around the world. For
more information, please visit www.bidgely.com
or the Bidgely blog at bidgely.com/blog.

Contacts

Bidgely
Christine Bennett
[email protected]