Arcadia, Inc.

Arcadia, Inc. is a provider of advanced utility data solutions, leveraging AI-driven analytics to assist organizations in managing their energy consumption and sustainability goals effectively. Founded in 2014 in Washington, US, Arcadia, Inc. specializes in utility data platforms that aid businesses in energy management.

The company raised USD 200 mn in funding on November 8, 2022, led by J. P. Morgan, with involvement from Equinor Ventures and Broadscale Group. Arcady Khotin is the founder.

Arcadia’s offerings center on its innovative utility data platform that integrates AI analytics, delivering insights into energy usage and utility costs. The platform connects with a vast network of utility providers across over 50 countries, ensuring extensive coverage of U. S. utility accounts.

Key features include automated bill management, tariff optimization, and clean energy sourcing to support businesses in achieving their sustainability objectives while managing risks and costs. Arcadia operates on a subscription-based business model, providing access to its utility data platform and related services. Clients typically engage under tiered pricing agreements that cater to their energy management needs. Revenue is generated through recurring subscriptions, facilitating long-term client relationships focused on optimizing energy costs and sustainability efforts.

Following its most recent funding round in November 2022, which raised USD 200 mn, Arcadia plans to enhance customer engagement strategies. The company aims to expand its service offerings and market presence by targeting new geographic regions and markets, further developing its utility data platform. Recent investments will primarily focus on improving user experience and broadening the platform’s capabilities.