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General Information

Websiteoutsmartinc.com
CategoryConsumer Electronics/Devices
Phone508.650.0055
Emailosinfo@outsmartin...
Employees
Founded2008
DescriptionBuilding, equipment, network management

Offices

OutSmart Power Systems
11 Mercer Road,
Natick, MA, 01760
USA

People

CEO & Board of Directors
VP of Business Development
Board of Directors
Board of Directors
Board Observer

Funding

TOTAL $7.3M
FUNDING TOTAL $7.3M
Seed, 5/2009
Bainco International Investors
Clean Energy Venture Group
Manifold Products
$2M
Partial Close, 5/2010
$200k
Series B, 12/2012
$1.5M
Series A, 10/2013
$3.6M
DEBT TOTAL $3.41M
Debt, 10/2010
$805k
Debt, 4/2011
$2.61M

Tags

OutSmart Power Systems

OutSmart is developing a network, consisting of hardware and software, that monitors energy usage, building occupancy, and other activities in commercial properties. The network includes nodes designed for installation in electrical breakers, outlets, and switches. The nodes are equipped with electronics that calculate electricity consumption and use existing wires in a building to feed that information into a controller. The controllers are linked to servers, where the information can be accessed and viewed over the Internet.

The company also plans to sell sensors that connect with the existing electrical infrastructure in buildings to detect motion, temperature, and other conditions. What this all amounts to is a network that allows, say, a property manager view a Web-based interface to monitor the energy usage and other variables in each room of a commercial property.

OutSmart is the latest company launched by Manifold, a firm that spins off tech startups to commercialize products developed by outside inventors and its own engineers. OutSmart is based on technology that Manifold began to develop internally in 2006, says Kevin Johnson, CEO of OutSmart and a founder of Manifold.

Recent Milestones

Videos

Screenshots

OutSmart Power Systems screenshot
Above: OutSmart Power Systems Screenshot -- #1
Uploaded: 5/31/09

Sources

  1. OutSmart Power Systems Wraps Up $2M Seed Round (xconomy.com) [edit]
  2. SEC D (sec.gov) [edit]
  3. SEC (sec.gov) [edit]
  4. OutSmart bumps debt financing to $2.6 million (masshightech.com) [edit]
  5. OutSmart raises $1.5M, plans to double headcount (masshightech.com) [edit]
  6. SEC (sec.gov) [edit]
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Last Edited 2/6/14

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