Elencon Systems
Chiller Optimization Software
Startup Mature Energy Tech Est. 2011
Total Raised
$734K
Mature
Last Round
$234K
3 rounds
Investors
2
2 public
Team
2
1-10 employees
Confidence
89/100
News
2
articles
About
Elencon Systems has developed a software-based chiller optimizer called the Chiller Smart Management System. The company's software continuously monitors the facility and improves over time through artificial intelligence.Elencon aimsto deliver a30% reduction in air conditioning costs on average, while leaving internal room and building conditions unchanged. Elencon's service is not intrusive to any existing energy or building management application or standard chiller system. The company's real-time optimization protocols are designed to determine the most economical set points. In addition, the algorithms learn each building's thermodynamic characteristics in order to solve differential equations of energy flow while maintaining the required room conditions.
Classification
Target Customer
Healthcare & Life SciencesHealthcareReal Estate & ConstructionDevelopmentIndustrial Manufacturing
Business Model
B2B
Tags
management-solutionscontrol-systemsartificial-intelligenceenergy-efficiencysmart-gridsoftware-applicationsair-conditioningenergy-savingenergyhvachospitalscommercial-siteshotelsresidential-sitesschoolsiot
Funding & Events
Jun 2020
Non-equity $234K
Jul 2012
Seed Undisclosed
Horizon GreenTech Ventures
Apr 2016
Seed $500K
Undisclosed Investor(s)
News (2)
Apr 12, 2016 · www.israel21c.org
growth-positive
Smart software keeps buildings cool using less electricity
Customers
Feb 28, 2016 · www.globes.co.il
growth-positive
Israeli energy saving co Elencon teams with Alstom
Customers
Details
Product Stage
Released
Employees
1-10
Exact Count
2
District
Center District
Founded
2011
Crunchbase
elencon
Locations
Tel Mond, Israel
Links
Admin
Last Update
Nov 27, 2024
Verified by
Natalia Golczar
Missing
video or image, markets, not claimed
Team (2)
David Waimann
CEO
Izidor Liberman
Founder
Founder