Encycle Corporation

Based in the US, Encycle Corporation specializes in advanced HVAC optimization solutions, enhancing energy efficiency and comfort in commercial buildings through innovative software applications. Encycle Corporation focuses on optimizing energy usage in commercial facilities. Founded in 2005 by Mark Kerbel, the company is headquartered in San Marcos, US. Encycle has engaged in 9 deals, with its latest funding round on May 11, 2021, raising USD 7.

5 mn from Cycle Capital Management and other investors. Encycle Technologies, Inc. primarily offers advanced HVAC optimization solutions through its flagship product, Swarm Logic, which is an autonomous software designed to enhance energy efficiency and comfort in commercial buildings. Utilizing patented machine learning algorithms, Swarm Logic integrates seamlessly into existing building control systems, optimizing HVAC operations in real-time and reducing energy consumption, thereby addressing significant operational costs and environmental impact.

The company's services cater to multi-site commercial and industrial clients, including building owners, facility managers, and utility companies, aiming to enhance decision-making related to energy use and sustainability goals. Encycle’s products are actively marketed and implemented across various regions in North America, where they have demonstrated effectiveness in achieving substantial energy savings and lowering carbon footprints for their diverse customer base. Encycle Technologies generates revenue through a subscription-based model for its SaaS offerings, with clients typically entering into agreements for access to their HVAC optimization solutions, including Swarm Logic. This model allows clients, predominantly in the commercial and industrial sectors, to benefit from ongoing software updates and support, while Encycle provides continuous enhancements to system performance.

The company’s revenue structure may involve performance-based incentives tied to energy savings achieved through their services, fostering long-term partnerships with building operators and utility providers. Each engagement potentially includes service fees correlating with the scope of the facilities being managed, ensuring a steady revenue stream as clients scale their energy management strategies with Encycle’s solutions. In May 2021, Encycle Corporation raised USD 7. 5 mn in venture funding to support the extension of its artificial intelligence-based technology into new customer applications and to accelerate the growth of its strategic partner program.

The company plans to introduce new products aimed at optimizing energy management solutions for additional market segments. Encycle is also targeting expansion into new geographic regions, with specific plans to enhance its presence throughout North America by the end of 2023.