Success Stories and News
BRIDGEPORT, CT – October 19, 2019 – Budderfly Inc. (budderfly.com), a leading provider of energy management solutions and its founder Al Subbloie Jr. were recently cited by the Connecticut Post’s CT Insider section for their rapid growth and game-changing approach to financing energy upgrades for their business customers.
Shelton-based Budderfly, a pioneer in the corporate energy efficiency-as-a-service industry, on Tuesday announced it had raised $55 million in new growth equity and project debt funding. The financing round was led by Balance Point Capital of Westport with participation from Connecticut Innovations. Budderfly is the brainchild of software entrepreneur Albert R. Subbloie Jr., who founded Tangoe Inc. and served as its chief executive from 2000 to 2016. Before that he founded and headed Information Management Associates (IMA) from 1990 to 2000.
SHELTON, CT., June 25, 2019 –Budderfly, a leading pioneer in the Energy Efficiency as a Service market, today announced new $55 million in growth equity and project debt funding led by Balance Point Capital with participation by Connecticut Innovations. This funding, together with the previous $22 million funded over the past 24 months by Edison Partners, Founder and CEO Al Subbloie, Budderfly senior management, the State of Connecticut through the Department of Economic & Community Development
SHELTON, CT – November 13, 2018 – Budderfly Inc. (www.budderfly.com), a leading provider of energy management solutions announced it has contracted its 500th customer facility for its Energy Efficiency as a Service (EaaS) offering. Budderfly brings an innovative approach to the emerging EaaS market, with advanced software, patented energy Internet of Things (IoT) measurement and control devices, and numerous energy-saving facility components and upgrades.
SHELTON, CT – May 1st, 2018 – Budderfly Inc. (www.budderfly.com), a leading provider of energy management solutions announced it has contracted its 100th facility for its Energy Efficiency as a Service (EaaS) offering. Budderfly combines energy-efficient technology upgrades with its patented energy intelligence software and IoT devices focusing on smart metering, control, and optimization of energy usage at the point of consumption throughout a client’s building. The result is immediate and increasing energy savings for Budderfly’s customers.
On Mar 20th 2018, the United States Patent Office (USPTO) granted Budderfly U.S. patent 9,921,554 related to Computer Based Energy Management. This latest patent relates to communication methods used for the transmission of energy data from sensors and adaptors to remote software that measures and manages facilities energy consumption.