Verv, the intelligent AI energy assistant

by Startacus Admin

Backed by Centrica (British Gas) and mentored by Google, Verv has developed an intelligent energy assistant, using high speed energy analytics and machine learning to bring existing appliances to life. With 6 patents filed, Verv has sold units to British Gas, EDF & Allianz.

It could be argued that the most frustrating thing about electricity bills is not being able to see a full breakdown of how much each appliance costs. Step forward, Verv, the home energy assistant that not only aims to solve this problem. 

Verv, a brand that that sits under machine learning experts Green Running Ltd, is currently closing in on a £500k equity crowdfunding campaign on Crowdcube.

The Verv home energy assistant, which will hand control over energy bills back to the consumer, is an AI solution that transforms everyday household appliances into truly smart ones - connecting consumers to their electricity and creating a happier, healthier home. The plug and play solution, which requires no electrician to install, is currently available to pre-order directly from the Verv website, via Box.co.uk and at Ebuyer, retailing at £249, and aims to be in homes across the UK from mid-November 2017.

Within three seconds of turning on an appliance, Verv starts tracking the energy consumption, sampling data at speeds of hundreds of thousands of times per second – over a million times faster than standard smart meters.

Verv, who launched their £500k equity crowdfunding campaign on Crowdcube last month, aims to democratise energy usage and further bring its smart home solution to the mass UK market. Verv will also be using the capital raised for developing its industry leading blockchain technology solution to enable peer-to-peer energy trading – Verv 2.0.

The Verv home energy assistant alerts home owners when appliances have been left on, eliminating the chance of leaving the iron or hair straighteners on when they leave the house, ultimately safeguarding millions of homes and an additional holiday mode function means consumers will even be notified of any activity in their home while they’re away, alerting them to potential intruders and in a similar vein, for those who want to have peace of mind over elderly friends or relatives who may live alone.

Through its patented machine learning algorithms, it can even notify home owners when their appliances are starting to deteriorate, going as far as to tell them where the problem lies (for example a problem with the filter in their washing machine). This allows an engineer to be informed of the exact problem so they can come armed with the right parts – saving the hassle of multiple visits.

Verv was part of Launchpad, Google’s global startup program, when developing its innovative smart home software and hardware solution. Mark Masterson, Global Program Manager at Google Launchpad had this to say about Verv: 

“Verv is my favourite tech start-up at the moment and that's why I was proud to have them as part of the google campus launchpad accelerator programme. Their talented team of rockstar data scientists and engineers continues to push the boundaries of this technology and their smart home product is really innovative, I'm very proud to support them.” 

We look forward to seeing the Verv team hopefully hit their crowdfunding target over the coming weeks and to watch Verv 2.0 come to fruition, we'd imagine in 2018. 

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Published on: 13th October 2017