HiberSense

HiberSense specializes in innovative climate control solutions for residential and commercial properties, focusing on energy efficiency and smart home integration to enhance comfort and reduce utility costs. Founded in 2015 by Jacob Kring, HiberSense is headquartered in Pittsburgh, US. The company focuses on providing advanced climate management systems. It has undergone no significant pivots since its inception.

HiberSense has completed one funding deal, raising an undisclosed amount in February 2019 from Darma Tech Labs. HiberSense develops and provides smart climate control systems designed to optimize temperature and air quality in buildings. Their technology offers automated solutions for energy management, ensuring that clients can achieve greater comfort while minimizing energy costs. The offerings cater to both residential and commercial clients looking to enhance their climate efficiency.

HiberSense generates revenue through the sales of its smart climate control systems to both residential and commercial clients. Their business model emphasizes direct-to-consumer sales, focusing on solutions that improve energy efficiency and comfort within properties. The specific pricing structure is not disclosed, but the technology aims to facilitate long-term savings on energy expenditures. HiberSense plans to utilize its recent funding round from February 2019 to further develop its product line, focusing on enhanced smart home integrations and climate control features.

The company aims to expand into new markets, specifically targeting the broader US residential sector by 2022. This strategic growth will be supported by the latest funding, which is intended for research and development of their new product offerings.