Vertigrisby Mark Chung
Vertigris is a Silicon Valley-based IoT hardware and SaaS company founded by Mark Chung and two co-founders that helps commercial buildings monitor and optimize electricity usage. They install magnetic sensor clamps on electrical panels paired with an iPhone-like gateway device, then provide recurring software services for energy management and predictive analytics. With 300 customers generating approximately $260k MRR ($3.12M ARR) and a goal to reach $5M revenue in 2017 (4x growth from $1.2M in 2016), they've raised $16M in venture capital and leverage Verizon's 900-person sales team as their primary growth channel.
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