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Radar · Energy Efficiency Tech in Chicago

Best Energy Efficiency Tech Companies in Chicago, United States

The 32 best Energy Efficiency Tech companies in Chicago, United States in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: SMS Assist.

32companies tracked
$367.6Mdisclosed funding
1unicorns
12have raised
FLIAR INTELLIGENCE · ENERGY EFFICIENCY TECH × CHICAGO

Our analysis of 50 Energy Efficiency Tech companies

$7.8b in tracked funding; 86% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.

50companies analysed
86%cloud-native stacks
2025funding peak (by rounds)
4unicorns
2014median founding year

Ranked: Best Energy Efficiency Tech companies in Chicago

#CompanyDisclosed fundingLast roundStageFounderFoundedTech stackPatents & IP focusRecent signals
1SMS Assist 🦄
Provider of SaaS-driven maintenance management solutions for commercial spaces
$255M125 mo agoAcquiredJay McKee
CEO
2003Apple iCloud MailEnvoyBootstrap+84 patents
Geographic service area generation for field service scheduling software
—
2Azumo
Manufacturer of front-lit liquid crystal technology for displays
$56M53 mo agoSeries B—2004WordPressMySQLPHP+2443 patents
Film-based lightguide optics and edge coupling for advanced display backlighting
—
3Cohesion
Provider of a platform for smart building management and operations
48Growth top 20%Funding top 35%Tech top 37%Talent top 38%
All 12 signals ▾
Growthtop 20%
Fundingtop 35%
Techtop 37%
Talenttop 38%
Moattop 41%
Producttop 47%
Globalbottom 40%
Innovationbottom 36%
Marketbottom 35%
Patentsbottom 34%
Newsbottom 21%
Customersbottom 9%
Growth: Headcount 21 → 44 (+110%) across vintages · 1 acquisition/expansion move in 24 mo
Funding: Raised $30.2M across 4 rounds · 4 rounds over 6 yrs (0.7/yr)
rank vs industry peers · Fliar Intelligence Index 48/100
$30M11 mo agoSeries ANick Lawrence
Co-Founder
2018WebflowZohoZepto+253 patents
Patents concentrated in computing, sensing & instrumentation
—
4Buildings As Batteries
Developer of thermal energy storage system for commercial building applications
$8M100 mo agoSeries AGregor Henze
Co-Founder
2007———
5Goby
SaaS-driven platform offering energy management solutions
$7M69 mo agoAcquired—2008—2 patents
Wireless inductive charging stands for modular, hygienic handheld device accessories
—
6Mezo
Provider of AI-powered property maintenance software
$6M47 mo agoAcquiredMike Travalini
Co-Founder & CEO
2020SentryFirebasestyled-components+154 patents
AI-powered chatbot systems for automated maintenance diagnosis and troubleshooting
—
7Sigora International
Provider of smart micro grid platform and smart meters
$3M107 mo agoSeedAndy Bogdan Bindea
Founder & CEO
2015———
8Eta Vision
Offers data center energy management solutions
$2M100 mo agoSeedMichael Lingle
CEO & Cofounder
2015———
9SmarterShade
Developer of user-controlled, powerless, affordable smart glass for privacy and energy
$200K162 mo agoSeedWill McLeod
Founder
2007—14 patents
Adjustable optical transmission devices for smart shading and variable light filtering
—
10Route
SaaS-driven business management platform for the building services industry
$100K51 mo agoFunding RaisedRicardo Regalado
Founder & CEO
2007WordPress Site EditorElementorWordPress+325 patents
Remote desktop access solutions and email routing technologies for enterprise communications
—

Top 12 Energy Efficiency Tech companies in Chicago

#1
Series A · Chicago, Illinois · founded 2018 · 44 employees
$30.2Mraised
▾

Provider of a platform for smart building management and operations. The platform offers solutions for access control, experience enhancement, and maintenance. It consolidates data from building systems, software, and sensors into a unified platform. The platform also provides advisory services for planning, solution design, and system integrations.

Fliar Intelligence Index™ 48how this company ranks against its industry peers
Growth
top 20%
Funding
top 35%
Tech
top 37%
Talent
top 38%
Moat
top 41%
Product
top 47%
Growth: Headcount 21 → 44 (+110%) across vintages · 1 acquisition/expansion move in 24 mo · Fresh capital in last 24 mo
Funding: Raised $30.2M across 4 rounds · 4 rounds over 6 yrs (0.7/yr) · Last round Series A (Nov 2025)
Tech: 43 technologies across 5/8 capability areas · Cloud: Cloudflare · Observability: Microsoft Clarity
Audience (LinkedIn): 5k LinkedIn followers — 19.3% of this cohort's audience
Funding rounds
  • Nov 2025Series A$250K
  • Nov 2021Series A$15M
  • Jul 2021Seed$7M
  • Jul 2020Seed$8.2M
Founders & team
Nick LawrenceCo-FounderThru ShivakumarChief Executive Officer + Co-Founder
Investors
Morgan Stanley Next Level Fund, Wintrust, Three Bridges Private Capital, Frasers Property, HPA, CMT Digital
Tech stack
ActivecampaignCloudflareCloudflare Bot ManagementCloudflare TurnstileConstant ContactCore-Js
#2
Series B · Chicago, Illinois · founded 2004 · 41 employees
$56.1Mraised
▾

Manufacturer of front-lit liquid crystal technology for displays. It develops front-lit reflective LCDs that consume low power. Its features include a thin display stack, power efficiency, ambient light utilization, colour enhancement, and low-powered light-emitting diodes. It has applications in medical, educational, industrial, wearables, automotive, consumer electronics, and IoT systems.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 3k LinkedIn followers — 10.5% of this cohort's audience
Funding rounds
  • May 2022Series B$30M
  • Dec 2020Series B$9M
  • Nov 2018Series B$9M
  • Aug 2017Series A$3.1M
Investors
Anzu Partners, SABIC, VectoIQ, Dipalo Ventures, Energy Foundry, Fred & Farid Digital Investment Fund
Tech stack
AdrollAdroll Cmp SystemBootstrapCloudflareCloudflare Bot ManagementCore-Js
#3
Acquired · Chicago, Illinois · founded 2003 · 782 employees
$255Mraised
▾

Provider of SaaS-driven maintenance management solutions for commercial spaces. It integrates clients, affiliates, and employees in one online tech-enabled platform. It offers various managed like vendor management, facility management, work order management, call center management, quality assurance, and asset management. It also offers training and education programs to its technicians.

Funding rounds
  • Jun 2016Series D$150M
  • May 2015Series C$45M
  • Oct 2013Series B$45M
  • Jun 2011Series A$15M
Founders & team
Jay McKeeCEO
Investors
Pritzker Group, Insight Partners, Goldman Sachs Investment Partners, Goldman Sachs, Brookside Equity Partners, Kemmons Wilson Companies
Tech stack
AmplitudeApple Icloud MailBootstrapCart FunctionalityDocusignEnvoy
#4
Acquired · Chicago, Illinois · founded 2020 · 29 employees
$6Mraised
▾

Provider of AI-powered property maintenance software. This software integrates with existing property management systems to improve communication between residents and maintenance teams. It facilitates faster issue resolution through resident coaching and provides technicians with detailed information before arriving on-site. The platform leverages data to anticipate maintenance needs and optimize resource allocation, ultimately reducing costs and enhancing efficiency. The software offers features such as intelligent intake, asset tag matching, and real-time problem classification.

Funding rounds
  • Dec 2022Seed$6M
Founders & team
Mike TravaliniCo-Founder & CEOJohn BoticaCo-Founder & Chief Growth OfficErin KaramCTO + Co-Founder
Investors
Chicago Ventures, Building Ventures, 81 Collection, WND Ventures, Perot Jain
#5
Acquired · Chicago, Illinois · founded 2008 · 33 employees
$7.4Mraised
▾

SaaS-driven platform offering energy management solutions. The platform helps building owners, architects, management companies, tenant representatives, tenants, and contractors integrate green thinking into their decision-making processes and policies. It facilitates owners to manage their entire portfolio on the cloud, turning data into actionable information.

Funding rounds
  • Jan 2021Series A$1.9M
  • Sep 2019Series A—
  • Dec 2015Series A$5M
  • Aug 2014Seed$500K
Investors
Second Century Ventures, Greensoil PropTech Ventures, Riverside, REACH
Tech stack
WordpressMysqlPhpYoast SeoApache Http ServerEwww Image Optimizer
#6
Series A · Chicago, Illinois · founded 2007
$7.6Mraised
▾

Developer of thermal energy storage system for commercial building applications. The system utilizes building materials as a thermal energy storage medium. It manages thermal load profiles to reduce energy consumption. The system aims to reduce carbon emissions as a byproduct.

Funding rounds
  • Jul 2018Grant (prize money)$1.1M
  • Jul 2011Series A$7.2M
  • Oct 2010Seed$450K
Founders & team
Gregor HenzeCo-FounderVincent CushingCo-Founder
Investors
Battery Ventures, Rho Capital Partners, OSTI
#7
Seed · Chicago, Illinois · founded 2015 · 36 employees
$2.9Mraised
▾

Sigora International has developed a smart microgrid management system enabled with smart meters for rural households and microgrid areas. It offers proprietary pre-pay enabled smart meters and cloud-based network system which can identify thefts, demand control with secure RF communications. Its subsidiary Signora Haiti has developed a smart micro utility system in Haiti to demonstrate its technology.

Funding rounds
  • Dec 2017Seed$2M
  • Oct 2016Seed$649.7K
  • Dec 2015Conventional Debt$50K
  • Seed$200K
Founders & team
Andy Bogdan BindeaFounder & CEO
Investors
Evergreen Climate Innovations, Ground Squirrel Ventures
#8
Seed · Chicago, Illinois · founded 2015 · 8 employees
$2Mraised
▾

Offers data center energy management solutions It works with data centers and utilities to maximize infrastructure flexibility, reliability, and efficiency and improve operator visibility through a smart zero management sensor network and control system. Their system offers real-time physical visualization, monitoring, and also cloud and API connectivity.

Funding rounds
  • Jun 2018Seed$2M
  • Seed—
Founders & team
Michael LingleCEO & Cofounder
Investors
Wasson Enterprise, JetPath, MATH Venture Partners, NOVA8 Ventures
#9
Funding Raised · Chicago, Illinois · founded 2007 · 11 employees
$100Kraised
▾

SaaS-driven business management platform for the building services industry. The platform enables users to automate building workflow operations with features such as job scheduling, team management, proposal generator, workflow management, inspection reports, and more. It earns revenue through monthly/yearly subscription-based plans. Their apps are available for Android and iOS devices.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 2k LinkedIn followers — 6.8% of this cohort's audience
Funding rounds
  • Jul 2022Grant (prize money)$100K
Founders & team
Ricardo RegaladoFounder & CEO
Investors
Google Ventures
Tech stack
Amazon CloudfrontAmazon Web ServicesAngularCart FunctionalityCloudflareCloudflare Bot Management
#10
Seed · Chicago, Illinois · founded 2007 · 2 employees
$200Kraised
▾

Developer of user-controlled, powerless, affordable smart glass for privacy and energy. The technology is designed for interior partitions in offices and conference rooms. It also has residential and commercial applications for doors, skylights, and windows. Additional applications include transportation such as trains, buses, sunroofs, and aircraft. The glass can also be used for advertising and branding purposes.

Funding rounds
  • Apr 2013Grant (prize money)$50K
  • Aug 2012Seed$200K
  • Dec 2011Grant (prize money)$100K
  • Oct 2011Grant (prize money)$50K
Founders & team
Will McLeodFounderMike StaceyFounder & ChairmanRyan TatzelFounder
Investors
MassChallenge, Clean Energy Trust, Green Start, VentureWell
#11
Deadpooled · Chicago, Illinois · founded 2012 · 6 employees
$20Kraised
▾

Effortless energy provides a software platform to analyze the energy usage in buildings. They also provide upgrades and lease energy equipments to perform efficiently. As per the company there will be 20% energy savings by using their platform and suggestions.

Funding rounds
  • Aug 2012Seed$20K
Founders & team
Ramsey ChapinCEO
Investors
Impact Engine, Village Capital
Tech stack
Amazon Web ServicesAmazon S3Amazon CloudfrontAws Certificate Manager
#12
Seed · Chicago, Illinois · founded 2011 · 2 employees
—raised
▾

Provider of cloud-based building energy management solution for residential and commercial spaces. Their products include an energy assessment service that collects data from all energy systems and compiles it into an easy-to-understand report and runs analytics to measure and assess the entire energy management efforts. Also provides Balance - software that runs multifactor engineering analysis, Elevate - software leverages data to gain insight into energy operations and do strategic planning faster.

Funding rounds
  • Apr 2013Seed—
Founders & team
Archie GuptaCo-Founder & CEOMorgan LeahyCo-FounderAllison HannonCo-Founder
Investors
Energy Foundry, Manasota Capital, Claremont Creek Ventures, HRV, Mohr Davidow Ventures, Arsenal Growth Equity

Funding & investor landscape

$367.6Mtotal disclosed funding
11companies funded
32disclosed rounds
0rounds last 90 days
Most active investors
Energy Foundry2 rounds
Green Start2 rounds
Slojo Investments2 rounds
81 Collection1 rounds
Alestra1 rounds
Allegro Investment Fund1 rounds
Alumni Ventures1 rounds
Anzu Partners1 rounds
Arsenal Growth Equity1 rounds
Battery Ventures1 rounds

Notable founders

Nick Lawrence
Co-Founder · Cohesion
Thru Shivakumar
Chief Executive Officer + Co-Founder · Cohesion
Jay McKee
CEO · SMS Assist
Mike Travalini
Co-Founder & CEO · Mezo
John Botica
Co-Founder & Chief Growth Offic · Mezo
Gregor Henze
Co-Founder · Buildings As Batteries
Vincent Cushing
Co-Founder · Buildings As Batteries
Andy Bogdan Bindea
Founder & CEO · Sigora International
Michael Lingle
CEO & Cofounder · Eta Vision
Ricardo Regalado
Founder & CEO · Route
Will McLeod
Founder · SmarterShade
Mike Stacey
Founder & Chairman · SmarterShade
Prism market signals · United States · country-scoped Prism corpus, 1,608,968 docs

Market landscape — 10 sub-themes by coverage

Share of Energy Efficiency Tech coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

RESEARCH SIGNALS · United States

How research on Energy Efficiency & Buildings is moving in the United States

A read on the academic research around Energy Efficiency & Buildings — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 2,722 United States-affiliated papers.

research sentiment over time
200820172026
enthusiastic · positive · guarded tone
Tone is overwhelmingly optimistic and intensifying — the enthusiastic (strongly-positive) share moved 29% → 55% across 2008–2026.
top research entities
  • Purdue University West Lafayette140
  • Oak Ridge National Laboratory127
  • National Laboratory of the Rockies80
  • Georgia Institute of Technology53
  • Electric Power Research Institute53
leading researchers
Bo Shen · Xiaobing Liu · Mo–Yuen Chow · Peter L. Munk · Van Baxter · Osama A. Mohammed · Lingfeng Wang · USDOE Office of Energy Efficiency and Renewable Energy (EERE), Energy Efficiency Office. Building Technologies Office
▲ Breakthroughs565 · 21%
▲ 13%→26% share
▲2.0× share momentum2 median citations56% since 2021mostly methods-led
Breakthroughs are rising (13%→26% of field), led by Radiative cooling.
rising sub-themes (early→recent)
  • Radiative cooling1→50
  • Passive cooling7→42
  • Emissivity1→26
  • Renewable energy14→38
  • Thermal6→27
Newly emergingRadiative transfer 0→24 · Model predictive control 0→13 · Coating 0→9
Landmark Scalable-manufactured randomized glass-polymer hybrid metamaterial for daytime radiative cooling · 2,273 cites
◆ Advancements1,609 · 59%
▼ 65%→55% share
▼0.8× share momentum2 median citations40% since 2021mostly methods-led
Advancements are cooling (65%→55% of field), led by Radiative cooling.
rising sub-themes (early→recent)
  • Radiative cooling10→39
  • Renewable energy63→89
  • Energy storage22→48
  • Photovoltaic system35→53
  • Thermal35→53
Newly emergingSetpoint 0→6 · Workflow 0→5 · Daytime 0→5
Landmark Terrestrial radiative cooling: Using the cold universe as a renewable and sustainable energy source · 791 cites
▼ Concerns253 · 9%
▼ 10%→9% share
▼0.9× share momentum2 median citations45% since 2021mostly empirical
Concerns are cooling (10%→9% of field), led by Renewable energy.
rising sub-themes (early→recent)
  • Renewable energy7→17
  • Electricity2→9
  • Heat pump40→47
  • Energy management14→18
  • Microgrid2→6
Newly emergingRefrigerant 0→7
Landmark Battery Management System: An Overview of Its Application in the Smart Grid and Electric Vehicles · 927 cites
RESEARCH HOTSPOTS · United States

Where energy efficiency is researched across United States

Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.

SF Bay Area82 · +0.49
Hot · Passive coolingAdvancing · Radiative coolingOpportunity · Electric power systemConcern · Heat exchanger
Boston70 · +0.56
Hot · AdsorptionAdvancing · MicrogridOpportunity · Convergence (economics)Concern · Heat pump
Atlanta57 · +0.56
Hot · Waste heatAdvancing · Heat sinkOpportunity · Condenser (optics)
New York34 · +0.55
Hot · Thermal emittanceAdvancing · Radiative transferOpportunity · Climate change
Los Angeles31 · +0.65
Hot · Thermoelectric effectAdvancing · Thermoelectric coolingOpportunity · Thermal emittance
Philadelphia26 · +0.50
Hot · Radiant coolingAdvancing · Air conditioningOpportunity · Renewable energy
San Diego21 · +0.64
Hot · Demand responseAdvancing · Energy consumption
Austin21 · +0.58
Hot · BoreholeAdvancing · Air source heat pumpsOpportunity · ASHRAE 90.1
Pittsburgh18 · +0.46
Hot · Air conditioningAdvancing · Thermal comfortOpportunity · Passive coolingConcern · Electricity
Ann Arbor15 · +0.49
Hot · Energy managementAdvancing · Energy management systemOpportunity · Heat pump
PATENT SIGNAL · United States

Who's filing energy efficiency patents in the United States

United States energy efficiency patent filing is accelerating — 3,337 filings from 1,859 assignees (2016–2025), led by Carrier, Intel, Rheem MFG; annual filings 315→449.

3,337 filings1,859 assigneespeak 470/yr2016–2025
filing momentum (YoY 2016–2025)
top patent filers
  • Carrier430
  • Intel178
  • Rheem MFG177
  • General Electric172
  • Johnson Controls TECH123
  • Haier US Appliance Solutions108
  • FORD Global TECH108
  • Lennox IND79

Common questions

How many Energy Efficiency Tech companies are there in Chicago, United States?
Radar tracks 32 indexable Energy Efficiency Tech companies headquartered in Chicago, United States that meet our profile-completeness bar.
What is the total funding raised by Energy Efficiency Tech companies in Chicago, United States?
The Energy Efficiency Tech companies in Chicago, United States on this list have raised a combined $367.6M in disclosed equity funding across 11 funded companies.
Which is the highest-funded Energy Efficiency Tech company in Chicago, United States?
SMS Assist is the highest-funded Energy Efficiency Tech company in Chicago, United States, with $255M in disclosed equity funding.
How many Energy Efficiency Tech companies in Chicago, United States are funded?
11 of the 32 Energy Efficiency Tech companies in Chicago, United States on this list have disclosed at least one equity funding round.
How many Energy Efficiency Tech unicorns are there in Chicago, United States?
1 Energy Efficiency Tech company in Chicago, United States on this list is valued at $1B or more.
Who are the top investors in Chicago, United States Energy Efficiency Tech companies?
The most active investors in Chicago, United States Energy Efficiency Tech companies on this list include Energy Foundry, Green Start, Slojo Investments, 81 Collection, Alestra.
Rohit KhannaTrends & Stories

Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.

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