Opower

Acquired

Influence action. Move metrics. Decarbonize.

Arlington, United States · Founded 2007 · $50.0M raised

Employees
201–500
Founded
2007
Business Model
B2B
Website
opower.com
Total Funding
$50.0M
Last Round
$50.0M Series CNov 2010
Rounds
2
Acquired by
OracleMay 2016

About

Opower (now Oracle Utilities Opower) was an Arlington, Virginia-based energy efficiency SaaS company that helped utilities engage residential customers around energy usage through behavioral science and analytics. Founded in 2007, it served over 175 utilities globally before being acquired by Oracle in 2016 for $532 million. Its AI-driven platform has delivered 3 billion personalized communications and saved 41 TWh of energy.

Summary

Opower is a Climate Tech company based in Arlington, United States, founded in 2007. It has raised $50.0M in total across 2 rounds, most recently a $50.0M Series C round in Nov 2010. Investors include New Enterprise Associates, Oracle and Accel.

Tech & App Stack

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Funding History

AcquisitionMay 2016

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Series A through Acquisition — per-round amounts, valuations, and who invested in each round.

Investors

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