Teale, a company headquartered in Singapore and operating across Southeast Asia, has successfully secured $11.0 million in a recent funding round. This investment marks a significant milestone for the company, which specializes in providing knowledge and tools to help businesses and organizations manage and reduce their energy and utility costs and carbon footprint.
Founded in 2011, Teale combines best-of-breed software and technologies with quality Energy Engineering to deliver better performing facilities for its clients. The company has developed extensive experience in commercial and industrial facilities, serving a diverse range of clients from office buildings and hotels to hospitals, schools, and large manufacturing plants. Teale's approach leverages independent and open technology tools, including IoT and Machine Learning models for predictive analysis, ensuring no vendor lock-in and compatibility with any type of energy system or existing data source. Its engineering team comprises mechanical, IT, and controls engineers, equipped to handle various energy and data systems.
The newly raised capital is intended to accelerate Teale's strategic growth initiatives. The company plans to use the funds to expand its operational footprint across Southeast Asia and further invest in the development of its technology and service offerings. This includes enhancing its capabilities in energy audits, green building certifications, and supporting clients in managing and implementing re-commissioning projects, often through performance-based contracts.
This funding round underscores investor confidence in Teale's mission to empower businesses in the digital age to achieve critical energy efficiency and sustainability goals. With this investment, Teale is well-positioned to strengthen its leadership in providing independent energy services and support the growing demand for sustainable energy management solutions throughout the region, contributing to a more energy-efficient future.
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