Having raised £1.1m on Crowdcube in 2017, Google-mentored Verv has achieved global traction with over 12k unit orders from clients including British Gas and Dubai Electricity & Water Authority. The team have filed 7 patents for its award-winning AI and blockchain-based technology.
Verv has created an IoT hub which uses patented AI technology to unlock rich data from the home straight from the mains electricity, providing smart home insights. Delivered via a smartphone app, Verv has the ability to provide:
- Individual appliance costs and consumption in real-time
- Safety alerts if heated appliances are left on
The Verv hub sources electricity data at up to 5 million times faster than a smart meter, meaning the insights it can provide extend far beyond electricity consumption, opening up opportunities in energy, care and insurance services where Verv has trials underway with a global insurer and 6 international energy companies.
Funded by 6 government grants, Verv has also created a peer-to-peer (P2P) energy trading platform that enables consumers with excess solar power to sell it directly to their neighbours, lowering bills and improving access to green energy. Verv conducted the UK’s first Peer-to-Peer energy trade on the blockchain in April (with support from Ofgem).
NEW Verv Connect, born from the high-speed data sampling and AI in the hub, is an appliance cable for high-value white goods enabling predictive maintenance, warranty and product recall for manufacturers. 1500 pending orders secured from a multinational beauty company.
It’s time to accelerate our growth into new markets worldwide and we want you to be part of that expansion.