enVerid Systems, Inc.

enVerid Systems, Inc. specializes in air quality enhancement and energy-saving solutions, primarily through its innovative HVAC Load Reduction® technology, designed to optimize indoor air quality while significantly reducing energy costs. Founded in 2010 and headquartered in Westwood, US, enVerid Systems, Inc. delivers advanced air quality and energy solutions.

The company has made 7 significant deals, with the most recent being a Series B funding round on February 25, 2020, raising USD 20. 00 mn led by Breakthrough Energy Ventures. Udi Meirav is a notable founder in the field of environmental technology. enVerid specializes in innovative air quality and energy-saving solutions primarily through its flagship product, Sorbent Ventilation Technology® (SVT®), which is integral to their HVAC Load Reduction® (HLR®) modules.

These systems filter harmful gaseous contaminants from indoor air, enabling reductions in outside air ventilation requirements—up to 80% when utilizing ASHRAE’s Indoor Air Quality Procedure (IAQP). The technology allows building owners to implement smaller, cost-effective HVAC systems, lowering project first costs while sustaining high indoor air quality. enVerid serves various sectors, including K-12 schools, higher education, office buildings, and more, with a primary market focus in the US, especially in areas with high energy costs and strict air quality regulations. enVerid’s revenue model is based on direct sales of HVAC Load Reduction® modules and related services to businesses and institutions.

The company engages in B2B transactions, collaborating with HVAC contractors and consultants to offer integrated air quality solutions. They also provide the enVerid IAQP Calculator, enhancing the value proposition for clients. Pricing structures vary based on project specifications, allowing flexibility for different client needs. Their technology is aligned with energy efficiency and decarbonization goals.

EnVerid plans to leverage its recent Series B funding of USD 20. 00 mn to expand its product offerings and market presence. The company aims to introduce new products designed for enhanced energy efficiency and is targeting entry into additional geographic markets by 2022, focusing on regions with stringent air quality regulations. The funding will support research and development initiatives as well as marketing efforts to facilitate this expansion.