Sense is a company that offers an energy monitoring solution for residential homes. Its core product is the Sense monitor, a device that gets installed in a home's electrical panel. The monitor uses machine learning to detect and identify individual appliances and devices based on their electrical signatures. It collects detailed data about a household's electricity usage, including wattage and voltage information from appliances like fridges, washing machines, and personal electronics.
This data is used to provide homeowners with insights into their energy consumption patterns over time. The Sense monitor can pinpoint energy-intensive devices, identify inefficient or failing appliances, and send alerts when devices are left running or have finished their cycles. Sense's technology aims to help homeowners reduce electricity consumption and improve energy efficiency in their homes.
The company offers mobile and web applications that allow users to track real-time energy usage, set efficiency goals, and receive customized recommendations. Sense's business model involves selling its hardware and software solutions directly to consumers.
In April 2022, Sense raised USD 105 million in Series C funding to expand its product offerings and enhance international reach.
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