TrueMeter, Inc.

TrueMeter, Inc. is a U. S. -based company focused on providing AI-driven energy management solutions that optimize energy costs for operators across sectors such as food and beverage, retail, and real estate.

Founded in 2023 in San Francisco, US, TrueMeter, Inc. focuses on AI-driven energy solutions. In September 2025, the company raised USD 4. 00 mn in Seed funding from Ulu Ventures and other investors, marking its first investment round.

The founder's prior history or other businesses is not disclosed. TrueMeter specializes in AI-driven energy management solutions designed to optimize energy expenditures for brick-and-mortar operators across various industries, including food and beverage, retail, health and wellness, and real estate. Its core product offerings include an AI Energy Manager that automatically identifies the lowest energy rates, consolidates utility payments, and provides real-time insights on utility usage, thereby guaranteeing cost savings of 7-15% without any upfront investment or additional fees. TrueMeter's services cater to multi-unit operators seeking to streamline their energy procurement processes and consolidate their billing systems, effectively serving customers like restaurants and large commercial facilities that often experience high utility costs.

The geographic markets served by TrueMeter encompass a range of U. S. locations, optimizing energy bills for over 250 utilities across the country. TrueMeter generates revenue through subscription-based models that provide its clients with seamless access to its energy management services.

Customers typically engage on a long-term basis, committing to flat monthly subscriptions that consolidate multiple utility bills into a single payment structure, leading to significant cost savings. For example, clients such as Square Pie and Local Kitchen benefit from these subscriptions, with reported annual savings exceeding USD 11,000 and USD 50,000 respectively. The transaction structure is primarily B2B, facilitating partnerships with multi-unit operators who rely on TrueMeter's expertise for energy optimization and compliance. These subscription services are designed to ensure that clients can effectively manage their energy costs while maintaining predictable pricing, further solidifying TrueMeter's value proposition in the energy management sector.

In September 2025, TrueMeter, Inc. raised USD 4. 00 mn in Seed funding, led by Ulu Ventures, to support its expansion initiatives. The company aims to release new AI-driven products focused on enhancing energy optimization capabilities and is targeting additional markets within the U.

S. by 2026. Details regarding specific product launches or geographic regions for expansion have not been disclosed.