- B2B
- Early StageStartup in initial stages
- Website
- Location
- Company size
- 1-10 people
- Total raised
- $335K
- Company type
- StartupC Corp
- Markets
SHM Controls careers
In the past 4 years we developed and tested a low-cost smart boiler controller for buildings that reduces natural gas consumption for heating by 30% on average. It also offers full remote control & automatic email/text alerts in emergencies. We have 20 installation running 1-4 years, all enjoy these unprecedented savings. We have patents pending in USA and Canada, first mover advantage and 4 years of proven results.
Our system inherently changes the way the boilers are being controlled, saving 30% gas on average. Very few companies make 'smart' boiler controllers, all of which cost $20K-$50K making them completely unaffordable to most buildings. In comparison at $3K installation + $200/month (SaaS/HaaS model) SHM is affordable to all - they pay us out of their savings, while we make money and help the environment: win-win-win.
Market & size (Canada/USA):
Apartment building: $17B, boiler-heated homes: $9.8B, public schools: $2.2B
Small hotels, commercial & industrial buildings: $80B
Our system inherently changes the way the boilers are being controlled, saving 30% gas on average. Very few companies make 'smart' boiler controllers, all of which cost $20K-$50K making them completely unaffordable to most buildings. In comparison at $3K installation + $200/month (SaaS/HaaS model) SHM is affordable to all - they pay us out of their savings, while we make money and help the environment: win-win-win.
Market & size (Canada/USA):
Apartment building: $17B, boiler-heated homes: $9.8B, public schools: $2.2B
Small hotels, commercial & industrial buildings: $80B
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Chris Ainscough
25+ years experience, 2 previous start-ups, award winning documentary & corporate media productions, Award winning media, government & corporate media relations
Oded Malky
A serial entrepreneur, an accomplished senior executive & computer engineer (B.Sc), 25y of proven track record in building/leading world-class SW/HW development
Valuation
$800K
Funded over
1 round
Latest round
Closed (Mar 2015)
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