New York, USA-based climate tech company, Sealed acquired Burlington, VT-based data software company InfiSense. The company announced the acquisition on January 12, 2023. However, it did not disclose the amount pertaining to the transaction.
As a part of the deal, Tim Guiterman, InfiSense CEO & Co-Founder, and Martin Bures, CTO & Co-Founder, aim to bring their software and leadership to the Sealed product team.
Purpose of acquisition by Sealed
With the acquisition of InfiSense, Sealed seeks to continue its growth and expand to new regions across the U.S.
The InfiSense acquisition marks Sealed’s strategy to increase the availability of difficult-to-access data from inside the home. InfiSense’s software enables Sealed to better pinpoint and address issues to make homes more energy efficient, comfortable, and healthy. Meanwhile, this data also helps Sealed to streamline projects to monitor and improve the ongoing performance of energy efficiency and electrification projects. Besides, it increases the quantity and quality of data for its machine learning algorithms.
What the Sealed official has to say
Sealed CEO and co-founder Lauren Salz said, “Capturing hard-to-reach data to better predict and manage home energy use is critical to what we do at Sealed. We are focused on electrifying homes and stopping energy waste. We seek to desig the most efficient systems for our ageing housing stock across America. With the passage of the Inflation Reduction Act, accurate and accessible home energy data is more important than ever. The InfiSense acquisition creates an opportunity for Sealed to increase data accessibility, a valuable component of our mission to stop energy waste and electrify every home.”
In addition, Sealed president and co-founder Andy Frank said, “The InfiSense acquisition will enhance Sealed’s ability to ensure the HOMES program delivers on the promise of measured savings. Measured savings incentives have the potential to transform energy efficiency into a scalable clean energy resource, but will need the kind of tools that InfiSense brings to lower the costs of accessing hard-to-reach data.”
What the InfiSense official has to say
Tim Guiterman, InfiSense CEO & Co-Founder, further added, “From our first conversation with Sealed, we knew our technology could make a huge impact if we joined their team. Sealed has built an impressive team and product offerings, and it is clear they are just getting started. My co-founder, Martin, and I are excited to join the product team and build solutions that accelerate home electrification and deliver on the promise of reducing home emissions by stopping home energy waste.”
About Sealed
In 2012, Founders Andy Frank, Lauren Salz and Paul Gilkerson launched the company. Sealed is a USA-based climate tech company on a mission to stop home energy waste and electrify all homes.
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