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AlertMe
Cloud-based home automation and energy management platform
About AlertMe
AlertMe was a smart technology company founded in Cambridge, UK, in 2006 by Pilgrim Beart and Adrian Critchlow. Critchlow, a seasoned technology entrepreneur, had prior success with booking.com. Beart had a background in founding several technology start-ups in Cambridge. The company specialized in home automation and energy monitoring systems, developing both hardware and software to help users manage their home energy consumption remotely.
The core of AlertMe's offering was a cloud-based platform and a home hub that used Zigbee technology to communicate with various in-home devices, such as smart plugs and thermostats. This allowed users to monitor and control services like energy use, heating, and home security via the internet or a smartphone application. The platform was designed to be open and expandable, enabling the integration of third-party devices. One of its key features was the use of Non-Intrusive Load Monitoring to analyze customer data and provide energy-saving recommendations.
AlertMe's business model focused on forming strategic partnerships with major companies in the utility, telecommunications, and retail sectors. Notable partners included British Gas in the UK and Lowe's in the United States. In October 2010, British Gas's parent company, Centrica, acquired a 15.96% stake in AlertMe for £5.7 million and signed a commercial agreement to deploy its products. This partnership was crucial, as AlertMe's platform became the foundation for British Gas's Hive Active Heating service.
On February 13, 2015, British Gas announced its acquisition of the entire AlertMe business in a deal that valued the company at approximately £65 million. The acquisition gave British Gas full control over the technology platform, development capabilities, and patent portfolio. Following the acquisition, in April 2016, AlertMe was renamed Centrica Connected Home Limited.
Source: Dealroom company dataAt a glance
- Status
- Acquired
- Founded
- 2006
- Headquarters
- Ingleby Barwick, United Kingdom
- Employees
- 5
- Open positions
- None listed
- Dealroom signal
- 60.9/100
- Sub-industry
- Energy Efficiency
- Sector
- Energy, Money Management, Smart Home, Sustainable Development Goals, Urban Tech, Climate Tech, Building Energy Efficiency
- Technology
- Artificial Intelligence, Deep Tech, Machine Learning, IoT InternetOfThings
- Business model
- SaaS
- Client focus
- b2b, b2c
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Feb 2015 | $100M | $100M | British Gas | — |
| SERIES B✓Equity / VC | Oct 2010 | $20M | $79M | Index Ventures · British Gas | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for AlertMe is 490 monthly website visits, up 53.1% over the last three months. AlertMe's team grew 0% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A3 investors entered at this stage
Index Ventures
VantagePoint Capital Partners
Bregal Energy
Series B and later1 investor entered at this stage
British Gas
Other known investors4 additional known investors
BloombergNEF
Centrica
Saul Klein
SET Ventures
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about AlertMe on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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