xWatts Raises £1.6M To Expand AI Energy Management Platform

The round was led by Cambridge Enterprise Ventures, with participation from Cambridge Angels, Parkwalk, and R42.

xWatts develops AI- and machine-learning-powered technology to optimize energy use across large, complex real estate portfolios helping reduce energy costs and carbon emissions while enhancing operational oversight of building systems.

The company focuses on non-domestic buildings across Europe, where energy costs are a major operational expense, especially for properties with energy-intensive systems that can benefit from enhanced monitoring and optimization.

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Commenting on the funding, Yigit Akar, CEO and co-founder of xWatts, said: Our aim is to decarbonise complex real estate in an intelligent, automated, and scalable way. Rather than only providing insights, our platform actively manages energy systems. This funding supports continued product development and growth as we scale the business.

Unlike platforms that only analyze or report data, xWatts connects directly to building energy systems, modeling facilities in real time and automating optimization across generation and demand, including HVAC, solar and combined heat and power systems.

xWatts reports that its technology is already deployed in healthcare, education, and manufacturing facilities, helping reduce energy consumption, operating costs, and carbon emissions.

The new funding will accelerate product development and drive growth in key European markets, with a focus on healthcare, higher education, and industrial sectors.

About xWatts

xWatts provides energy management software that helps reduce costs and carbon emissions in commercial buildings. The platform improves operations, heating, cooling and energy storage through automated controls, helping buildings operate more efficiently with minimal user involvement.