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- Sense
Sense Funding, Investors & Competitors
Sense has raised $175M across 6 funding rounds, most recently a strategic investment round in January 2026.
Last Sense funding round
Strategic investment
Amount undisclosed · Jan 2026
Cumulative funding Sense raised
$175M
across 6 funding rounds
Key investors in Sense
Prelude Ventures
Energy Impact Partners
Capricorn Investment Group
Shell Ventures
iRobot
CRV
Bolt
Schneider Electric
About Sense
Sense is a Cambridge-headquartered company founded in 2013 that offers home energy monitoring systems detecting appliance usage via electrical signatures. Current sensors on main breakers capture data, which algorithms analyze to identify devices like refrigerators and HVAC units. The mobile app displays real-time consumption, historical trends, and cost savings for homeowners across the United States.
Sense Funding History
Sense has raised a total of $175M across 6 funding rounds.
Sense's first fundraising round was a $4M seed round in January 2014. The most recent completed round was a strategic investment round in January 2026.
Sense funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jan 2026 | Strategic investment | Analog Devices (lead) | - | Sense, a grid edge intelligence company based in Cambridge, Massachusetts, announced a strategic investment from Analog Devices, Inc. on January 27, 2026. The investment took the form of convertible preferred shares, enabling further development of scalable grid edge technologies for utilities and electrical grid operators. Sense develops embedded intelligence software that partners with meter manufacturers to deliver high-resolution data analytics. The company's platform helps utilities engage with customers, detect devices, balance load, forecast demand, and identify anomalies, while also offering a consumer-facing application that enables homeowners to optimize energy usage and reduce electricity bills. Analog Devices, a global semiconductor leader, positioned itself as an ideal strategic partner given its focus on intelligent edge processing and commitment to advancing the energy transition through smart meter technology. The investment strengthens Sense's existing investor base and supports its mission to make grid intelligence and renewable energy integration more accessible and cost-effective. |
| Apr 2022 | Series C | Blue Earth Capital (lead); Volery Capital Partners (lead); Prelude Ventures; Schneider Electric; Gutbrain Ventures; Energy Impact Partners; TELUS Global Ventures; iRobot; MCJ | $128M | - |
| Jul 2019 | Series B | MacKinnon, Bennett & Company (lead); IDO Investments; Prelude Ventures; Schneider Electric; Landis+Gyr; Energy Impact Partners; Shell Ventures; Capricorn Investment Group; iRobot | $10M | Sense, a Cambridge, Mass.-based company founded in 2013, develops an intelligent home energy monitor that uses machine learning to provide real-time insights into energy usage and device activity in homes. The device helps users monitor appliances, check home security like kids' arrival times or open doors, and reduce energy costs, even for non-smart devices. Sense announced an extension to its Series B round on July 29, 2019, adding approximately $10 million from MacKinnon, Bennett & Company (MKB) and IDO Investments, alongside previous investors. This brought the total B round to $30 million and overall funding to $50 million, with participation from Schneider Electric, Landis+Gyr, Shell Ventures, Energy Impact Partners, and Prelude Ventures. |
| Oct 2018 | Series B | SE Ventures (lead); Prelude Ventures; Energy Impact Partners; Shell Ventures; Capricorn Investment Group; iRobot | $18M | - |
| Sep 2016 | Series A | Energy Impact Partners (lead); Shell Ventures (lead); PBJ Capital; Prelude Ventures; iRobot Ventures; Capricorn Investment Group; CRV; Bolt | $15M | Sense is a home energy awareness platform that interprets power usage and device activity in individual homes, providing real-time insights into energy consumption. The company announced its Series A financing close in September 2016, raising $14 million (reported as $15 million in some sources) led by Shell Technology Ventures and Energy Impact Partners, with participation from seed-stage investors including Capricorn Investment Group, Prelude Ventures, CRV, and hardware accelerator Bolt. The financing was intended to fuel growth and accelerate hiring. At the time of the round, Sense announced the launch of solar compatibility features and expanded its mobile application to Android, complementing its existing iOS offering. The company's innovative disaggregation technology—enabling device-level power monitoring—and its experienced founding team were cited by investors as key investment drivers. Post-money valuation and financial metrics including revenue were not disclosed publicly at the time of the Series A announcement. |
| Jan 2014 | Seed | Prelude Ventures; Capricorn Investment Group; CRV; Bolt | $4M | - |
Who has invested in Sense?
20 investors have backed Sense across its funding rounds, including Prelude Ventures, Energy Impact Partners, Capricorn Investment Group, Shell Ventures, iRobot and CRV.
Lead investors include Analog Devices, Blue Earth Capital, Volery Capital Partners, MacKinnon, Bennett & Company, SE Ventures and 2 other investors.
Sense Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Participant | Jan 2014 | ||
| 4 | Lead | Sep 2016 | ||
| 4 | Participant | Jan 2014 | ||
| 3 | Lead | Sep 2016 | ||
| 3 | Participant | Oct 2018 | ||
| 2 | Participant | Jul 2019 | ||
| 2 | Participant | Jan 2014 | ||
| 2 | Participant | Jan 2014 | ||
| 1 | Participant | Sep 2016 | ||
| 1 | Lead | Jul 2019 | ||
| 1 | Lead | Jan 2026 | ||
| 1 | Participant | Jul 2019 | ||
| 1 | Lead | Apr 2022 | ||
This data is available for Pro users. Sign up to see all 20 Sense investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialSense Competitors
Sense competitors include listed companies like BOE, Samsara, Lite-On Technology and Sharetronic, and private ones like UNISOC and Verkada.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $31B | $7B | $32B | 1.6x | ||
| Publicly listed | $1.6B | ($29M) | $23B | 12.0x | ||
| Publicly listed | $5.2B | $700M | $20B | 2.9x | ||
| Publicly listed | $1.8B | $325M | $19B | - | ||
| Private | - | - | $9.1B | - | ||
| Private | - | - | $5.8B | - |
Sense Public Comps
Sense is still privately-owned, but its public comps include Johnson Controls, BOE, Samsara, Lite-On Technology, Sharetronic, Advantech, PTC, Huaqin Co, CIG Shanghai and Acuity.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $24B | $3B | 4.0x | 3.7x | 31.0x | 20.0x | |||
| $31B | $7B | 1.7x | 1.6x | 7.5x | 7.3x | |||
| $1.6B | ($29M) | 14.0x | 12.0x | (794.5x) | 55.7x | |||
| $5.2B | $700M | 3.6x | 2.9x | 26.5x | 19.7x | |||
| $1.8B | $325M | 12.2x | - | 68.8x | - | |||
| $2.2B | $428M | 8.2x | 6.1x | 42.5x | 30.4x | |||
| $2.7B | $1.1B | 5.8x | 5.8x | 14.0x | 11.8x | |||
| $26B | $900M | 0.6x | 0.5x | 16.5x | 14.4x | |||
This data is available for Pro users. Sign up to see all Sense competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Sense
| When was Sense founded? | Sense was founded in 2013. |
| Where is Sense headquartered? | Sense is headquartered in United States. |
| Is Sense publicly listed? | No, Sense is a private, VC-backed company. |
| How much funding has Sense raised? | Sense has raised $175M across 6 funding rounds. |
| What was Sense's last funding round? | Sense's last funding round was a strategic investment round in January 2026, led by Analog Devices. |
| Who are Sense's investors? | Sense's investors include Prelude Ventures, Energy Impact Partners, Capricorn Investment Group, Shell Ventures, iRobot, Schneider Electric, CRV, Bolt, PBJ Capital, MacKinnon, Bennett & Company and 10 others. |
| Which companies are comparable to Sense? | Companies comparable to Sense include BOE, Samsara, Lite-On Technology, Sharetronic, UNISOC and Verkada. |
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