V
Vutility
Real-time smart building, smart grid, smart city intelligence
About Vutility
Vutility operates as a provider of cloud-based energy monitoring solutions tailored for commercial and industrial applications. Founded in 2015 by Steve Ellis and headquartered in Sandy, Utah, the company emerged from a desire to bring transparency to opaque utility bills.
The company's core business revolves around providing granular, real-time energy consumption data through its proprietary Internet of Things (IoT) hardware and a cloud platform. This allows clients, including commercial buildings, cell towers, and even campgrounds, to track energy usage at a sub-meter level, identify inefficiencies, and ultimately reduce operational costs. Revenue is generated through the sale of its hardware devices and access to its data visualization and analytics platform.
Vutility's product suite includes several patented, non-invasive sensors designed for quick installation without requiring power shutdowns. The flagship 'HotDrop' is a self-powered current transducer that clamps onto electrical conductors to measure amperage and energy consumption, transmitting data wirelessly every minute. The 'VoltDrop' monitors voltage, power factor, and amperage for three-phase systems, while the 'PulseDrop' is a battery-powered device that connects to existing gas, water, or electrical meters to count and transmit pulse outputs. This hardware integrates with 'CloudVU', Vutility's IoT cloud solution, which uses a graph database architecture to process and deliver contextualized, real-time energy data to clients via APIs or a dashboard.
The company has secured significant funding to fuel its growth, raising a total of $26 million over several rounds. Key investors include Cycle Capital, Constellation Technology Ventures, and Chevron Technology Ventures. This capital has supported the global expansion and continued development of its technology. Vutility is led by CEO Stephen Prince, an executive with an extensive background in the energy technology sector at companies like Centrica Business Solutions and Younicos.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2015
- Headquarters
- West Jordan, United States
- Employees
- 37
- Open positions
- None listed
- Dealroom signal
- 67.9/100
- Industry
- Real Estate
- Sub-industry
- Clean Energy, Energy Efficiency
- Sector
- Energy, Smart Grid, Smart Building, Solar Energy, Sustainable Development Goals, Urban Tech, Climate Tech, Building Energy Efficiency, Green Buildings, Renewable Energy, Hard Tech
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES A✓Equity / VC | Apr 2020 | $12M | $47M | University Venture Fund Salt Lake City · Chevron Technology Ventures · Constellation Technology Ventures · Cycle Momentum | ↗ |
| SEED✓Equity / VC | Jun 2016 | $600K | $2.4M | Undisclosed | — |
Growth signals
Latest recorded traffic for Vutility is 780 monthly website visits, down 6% over the last three months. Vutility's team declined 2.6% 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 A4 investors entered at this stage
Constellation Technology Ventures
Cycle Momentum
University Venture Fund Salt Lake City
Chevron Technology Ventures
Other known investors8 additional known investors
BoomStartup
Dinesh Patel
Joshua Walker
Kickstart Fund
Park City Angels
SLC Angels- SPSQN Venture Partners
Zach Larkin
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Vutility 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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