Tunisian startup Wattnow, an IoT-based smart energy management platform founded in 2018 by Issam Smaali, has successfully closed a multi-million dollar funding round, signifying a significant milestone in its growth. The company offers businesses real-time control over energy usage through its plug-and-play hardware and software solutions.
The startup’s system allows businesses to visualize energy consumption, automate loads, and receive alerts for potential issues, all powered by smart sensors and machine learning engines. The resulting data is analyzed and presented on a cloud-based dashboard, offering in-depth reports and analytics to help organizations optimize their energy management.
Having raised $1.3 million in pre-Series A funding back in 2022, Wattnow’s latest round—an undisclosed, but confirmed “multi-million dollar” sum—was led by Lateral Frontiers and 216 Capital, with participation from Outlierz Ventures, Satgana, Octerra Capital, and strategic angel investors including InstaDeep founder Karim Beguir and Guillaume Amblard.
Wattnow’s platform is already being utilized by a diverse portfolio of clients in industries such as telecommunications, banking, oil and gas, automotive, aeronautics, and retail, delivering substantial value to both public and private sector partners. With operations in more than 11 countries spanning Europe, the Middle East, Africa, and North America, Wattnow has demonstrated its potential for global scalability despite having limited international presence to date.
Wattnow’s continued expansion is expected to further its impact on energy sustainability, empowering companies across the globe to better manage their energy consumption and reduce costs through smart technology.
Stay well-informed and be the very first to receive all the most recent updates directly in your email! Tap here to join now for free!
