Draft:TrueMeter Inc.
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TrueMeter Inc. is a privately held software company founded in 2023 and headquartered in San Francisco. The company develops a platform that uses artificial intelligence to manage utility billing and energy costs for businesses with multiple locations in the United States.[1]
History
TrueMeter was originally named EcoTrove.[2] The company launched its platform in March 2024.[3] By September 2025, the company reported serving more than 500 business locations.[3]
In 2026, co-founder Ali Sarilgan was named to the Forbes 30 Under 30 list in the Energy and Green Tech category.[1][4]
Founders
TrueMeter was founded by Ali Sarilgan and Ozge Islegen-Wojdyla.[1]
Platform and services
TrueMeter operates a subscription-based platform that analyzes utility rate structures, automates supplier switching for electricity, coordinates natural-gas procurement, and audits bills for businesses operating across multiple locations.[3] The platform uses machine learning and large language model techniques to parse utility bills in varied formats and automate rate-plan comparisons.[5]
Funding
TrueMeter raised approximately US$1.5 million in a pre-seed round led by Pear VC.[3] In September 2025, the company closed a US$4 million seed round led by Ulu Ventures, bringing total funding to about US$5.5 million.[3][6]
See also
References
- ^ a b c "In Forbes '30 Under 30,' Stanford affiliates nab seven of energy category's 30 spots". Stanford Doerr School of Sustainability. Retrieved 2026-03-23.
- ^ "Delivering clean energy at a fixed price in the US". Smart Energy International. August 2024. Retrieved 2026-03-23.
- ^ a b c d e "TrueMeter Raises $4M Seed Round Led by Ulu Ventures" (Press release). Business Wire. September 10, 2025. Retrieved 2026-03-23.
- ^ "Ali Sarilgan". Forbes. 2026. Retrieved 2026-03-23.
- ^ "TrueMeter Raises $4M in Seed Funding". FinSMEs. September 11, 2025. Retrieved 2026-03-23.
- ^ "TrueMeter Raises $4 Million in Seed Round". The SaaS News. September 15, 2025. Retrieved 2026-03-23.
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