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Smart Boiler Controller for Buildings1-10 Employees
  • B2B
  • Early Stage
    Startup in initial stages
Website
Location
Company size
1-10 people
Total raised
$335K
Company type
StartupC Corp
Markets
Clean TechnologyClean EnergyEnergy EfficiencyIndustrial Automation
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SHM Controls careers

Smart Boiler Controller for Buildings
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
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Chris Ainscough
Avatar for Chris Ainscough
25+ years experience, 2 previous start-ups, award winning documentary & corporate media productions, Award winning media, government & corporate media relations
Oded Malky
Avatar for 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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