It’s not just uncomfortable and inconvenient, it’s expensive.
We’ve developed an elegant retrofit, which pays for itself in 2-4 years. We’ve cut heating costs by as much as 34% already (for comparison, Nest Thermostats advertise 10-12% savings). It’s called the Cozy and it lets us continuously monitor comfort and fuel use across an entire building.
There are 120,000,000 radiators in the U.S. alone, 50% of which are steam radiators. Our current clients alone already manage 300,000 radiators. Our current clients alone already manage 300,000 radiators.
We’re on track for $5,000,000 annual sales for 2016, which represents $240k in ARR. We’ll use this round to increase margins by reducing deployment and manufacturing costs and expand our sales capacity.
By Marshall Cox