Gravity Catches $14 Million Series A

<p><strong><span class&equals;"legendSpanClass"><span class&equals;"xn-location">SAN FRANCISCO <&sol;span><&sol;span><&sol;strong>&&num;8212&semi; <u>Gravity<&sol;u>&comma; an enterprise carbon accounting and energy management platform&comma; has landed a <span class&equals;"xn-money">&dollar;13 million <&sol;span>Series A funding round&comma; bringing the company&&num;8217&semi;s total funding to over <span class&equals;"xn-money">&dollar;20 million<&sol;span>&period; The round was led by Ansa Capital&comma; with participation from existing investors Eclipse&comma; <span class&equals;"xn-location">Hanover<&sol;span>&comma; and Caffeinated Capital&comma; along with new investors Communitas Capital&comma; Buoyant Ventures&comma; and WEX Venture Capital&period; As part of the round&comma; <span class&equals;"xn-person">Marco DeMeireles<&sol;span>&comma; Co-Founder and Managing Partner of Ansa Capital&comma; will join Gravity&&num;8217&semi;s board of directors&period;<&sol;p>&NewLine;<p>Amidst a surge in carbon reporting requirements&comma; sustainability teams are drowning in disclosure obligations&comma; with little business impact to show for their efforts&period; With the majority of their time and resources spent on reporting and stakeholder engagement&comma; there is little focus on action&comma; which leads to companies leaving an estimated &dollar;2T on the table in energy efficiency savings alone&period; Gravity addresses this challenge head-on by delivering a carbon management solution that automates data collection and reporting&comma; while empowering companies&comma; even those in critical hard-to-abate industries&comma; to reduce their energy consumption and costs&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Too often&comma; sustainable disclosure is a manual&comma; time-consuming chore that&&num;8217&semi;s detached from evergreen business priorities&period; Ultimately&comma; behind every ton of emissions is a cost – whether it&&num;8217&semi;s energy spend&comma; logistics investments&comma; or purchased goods and services&comma;&&num;8221&semi; says <span class&equals;"xn-person">Saleh ElHattab<&sol;span>&comma; CEO and Co-Founder of Gravity&period; &&num;8220&semi;Gravity taps into the fact that these cost centers are already well-tracked and can be measured automatically&comma; while connecting the task of reporting back to every company&&num;8217&semi;s core financial priorities of cost and risk mitigation&period; Reporting should be easy and connected to business value&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Unlike other platforms that require manual data entry&comma; Gravity automates data collection and calculates audit-ready sustainability reports&comma; offering a frictionless experience that has convinced over 60&percnt; of Gravity&&num;8217&semi;s customers to switch from other providers&period; Gravity&&num;8217&semi;s industry-leading data collection capabilities seamlessly integrate with each customer&&num;8217&semi;s existing energy tracking&comma; supplier engagement&comma; ESG measurement&comma; and reporting modules&comma; dramatically lowering their compliance burden and time spent on disclosure&period; One customer reported that Gravity&&num;8217&semi;s AI-powered bill scanning saved them an estimated 4&comma;600 hours — or 578 days of work — annually&period;<&sol;p>&NewLine;<p>Gravity&&num;8217&semi;s platform also turns the act of reporting into one of value creation&period; Through energy audits&comma; financing partnerships&comma; and a marketplace of trusted vendors&comma; Gravity is a one-stop shop for companies to execute projects that improve balance sheets by enhancing energy efficiency and unlocking new electrification and energy storage opportunities&period; One Gravity project – an HVAC optimization for a Midwestern utility – saved the customer over <span class&equals;"xn-money">&dollar;2M<&sol;span> annually&period; Another project&comma; for a vertically integrated developer in <span class&equals;"xn-location">Nevada<&sol;span>&comma; secured over <span class&equals;"xn-money">&dollar;1M<&sol;span> in federal incentives for construction improvements that were both sustainable and modernizing&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Gravity is the first platform we&&num;8217&semi;ve seen successfully leverage LLMs to automate emissions reporting for large-scale organizations and turn carbon accounting into a value driver by identifying and executing cost-saving opportunities through their marketplace&comma;&&num;8221&semi; said <span class&equals;"xn-person">Marco DeMeireles<&sol;span>&comma; Co-Founder and Managing Partner at Ansa Capital&period; &&num;8220&semi;With a founding team that combines deep industrial expertise with world-class climate strategy and engineering excellence&comma; we believe Gravity will be instrumental in helping the largest emitters move beyond emissions calculation to actively managing their energy costs through pragmatic&comma; high-ROI actions on one convenient platform&period;&&num;8221&semi;<&sol;p>&NewLine;

Editor

Silicon Valley Engineering Council Inducts Two Into Hall of Fame

SANTA CLARA -- The Silicon Valley Engineering Council (SVEC) announces the induction of Andrea J. Goldsmith, PhD and R.…

3 days

CardVault by Tom Brady Opens Flagship Store in SF

CardVault by Tom Brady, the first national retailer dedicated to sports cards, trading cards, and…

3 days

Trener Robotics Scores $32 Million Series A

SAN FRANCISCO & TRONDHEIM, NORWAY -- Trener Robotics (formerly T-Robotics), developer of an AI robot…

3 days

Cerebras Valued at $23 Billion With $1 Billion Series H Round

SUNNYVALE— Cerebras Systems has announced the closing of a $1 billion Series H financing at…

3 days

Big Health Reels in a Big $23.7 Million

SAN FRANCISCO -- Big Health, a developer of digital treatments for the most pervasive mental…

6 days

Deep Fission Uncovers $80 Million in Financing

BERKELEY -- Deep Fission, anadvanced nuclear energy company placing small modular pressurized water reactors (SMRs)…

1 week