xWatts develops AI-driven energy management software that connects directly to building energy systems to optimise generation and demand, reducing costs and emissions while improving operational control across complex real estate portfolios.
London-based xWatts, an intelligent energy management platform focused on decarbonising complex real estate assets, has closed a £1.6 million seed funding round. The investment was led by Cambridge Enterprise Ventures, with participation from Cambridge Angels, Parkwalk, and R42.
xWatts develops AI- and machine-learning-based technology to manage energy use across large and complex real estate portfolios, with the aim of reducing energy costs and carbon emissions while improving operational oversight of building systems.
The company focuses on non-domestic buildings across Europe, where energy consumption represents a significant operational cost, particularly for estates with energy-intensive systems that can benefit from improved monitoring and optimisation.
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 solutions that primarily analyse or report data, xWatts connects directly to building energy systems to model facilities in real time and automate optimisation across generation and demand, including HVAC, solar, and combined heat and power systems.
The company says its technology has been deployed across healthcare, education, and manufacturing facilities, supporting reductions in energy consumption, operating costs, and associated carbon emissions.
The funding is intended to accelerate product development and support growth in key European markets, particularly within healthcare, higher education, and industrial sectors.