WattIQ

What WattIQ does

WattIQ (operating legally as Ibis Networks, Inc., a Delaware corporation headquartered in South San Francisco) is an enterprise IoT asset performance management platform founded in 2013. The company deploys a full-stack solution consisting of proprietary hardware — InteliSockets (smart plugs), InteliSensors (temperature, pressure, CO2, humidity, door-contact), and InteliGateway (on-premise ZigBee mesh aggregator supporting up to 100 sockets at 750 feet) — paired with the WattIQ Cloud analytics platform. A self-trained AI system processes 15-second-interval energy and sensor telemetry to deliver asset utilization monitoring, anomaly detection, predictive failure alerting, and energy management across manufacturer-agnostic equipment (over 2,000 makes and models supported).

The company targets three primary verticals: life sciences (labs with ULT freezers, centrifuges, analytical instruments requiring condition monitoring and cold-chain assurance), education (K-12 and higher education institutions managing plug-load across campuses), and commercial facilities (office buildings with significant unmanaged plug-load). Customer evidence includes a Boston biotech case study yielding $3.8M in savings from asset utilization optimization, education deployments at San Mateo Community College District, and documented outcomes of up to 30% savings from usage-based maintenance and 40% savings on managed devices.

WattIQ operates a dual revenue model combining SaaS subscription (annual billing, 30-day payment terms) with hardware sales (InteliSockets, InteliGateways, InteliSensors shipped FCA), distributed via direct enterprise field sales with 'Request a Demo' and 'Book a Consult' CTAs, channel partner fulfillment referenced in Terms of Service, and a self-serve pilot option. Pricing is quote-based and not publicly disclosed; the company is SOC 2 Type II certified (2022) and serves North America, Europe, and the UK.

Name

WattIQ

Legal name

Ibis Networks, Inc.

Website

https://wattiq.io

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

WattIQ (DBA Ibis Networks, Inc.) is an enterprise IoT platform that uses a self-trained AI system with proprietary smart plugs, sensors, and gateways to monitor equipment utilization, condition, and energy use across life sciences, education, and commercial facilities customers in North America, Europe, and the UK.

Ownership category

akta.pro rank

Product category

IoT Asset Performance Management

NAICS

Computer Systems Design and Related Services (5415), Computer Facilities Management Services (541513)

SIC

Instruments For Meas & Testing Of Electricity & Elec Signals (3825), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Utility Asset Performance Management & Predictive Maintenance (Grid/Plant IoT) (EUADAPAI)

akta.pro secondary industry

Power Quality, Metering & Monitoring (HDACAJAG)

Keywords

• Asset performance management
• IoT energy monitoring
• Smart plug sensors
• Freezer condition monitoring
• Facilities energy management

Headquarters

HQ city

South San Francisco

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. SaaS Subscription: Software-as-a-service platform subscription model with license term specified in Purchase Order. Payment due 30 days from invoice date.
2. Hardware Products: On-premise hardware including InteliSockets, InteliGateways, and InteliSensors sold as appliances. Hardware shipped FCA shipping facility following receipt of Purchase Order.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

WattIQ sells an IoT asset performance management platform combining on-premise hardware (InteliSockets smart plugs, InteliSensors for temperature/pressure/CO2/humidity/door data, and InteliGateway mesh hubs) with a cloud SaaS (WattIQ Cloud) powered by a self-trained AI system. The platform turns 15-second-interval energy and sensor data into real-time visibility, anomaly detection, and predictive insights for utilization, condition, and location of electrical assets across life sciences labs, education campuses, and commercial facilities.

Product overview

WattIQ offers a unified platform-plus-modules architecture consisting of hardware products (InteliSockets, InteliSensors, InteliGateway) and the WattIQ Cloud platform. The InteliSockets serve as the basic building block, collecting energy data every 15 seconds via ZigBee mesh. InteliSensors extend monitoring with temperature, pressure, CO2, humidity and door sensors. InteliGateway aggregates data from up to 100 devices across 750ft range. WattIQ Cloud provides centralized dashboards, analytics, scheduling, and alerting. The platform supports three main solution areas: Asset Intelligence (utilization monitoring), Energy Management (power scheduling and control), and Freezer Monitoring (cold chain condition monitoring). The system is designed for life sciences, education, and facilities markets.

Differentiator

Problem solved

Functional benefit

Brands

• WattIQ System: Full-stack asset utilization and condition monitoring platform consisting of InteliSockets, InteliSensors, InteliGateway, and WattIQ Cloud.
• InteliSockets
• InteliSensors
• InteliGateway
• WattIQ Cloud

Products and services

• InteliSockets Smart plug hardware appliance that monitors energy usage for each connected electrical device every 15 seconds and alerts the system to unanticipated loss of power, transmitting data via an encrypted ZigBee mesh network. Designed for enterprise asset monitoring in life sciences, education, and commercial facilities.
• InteliSensors Extension sensor hardware that collects additional device-level data including temperature, pressure, CO2, humidity, and door contact. Can be integrated with InteliSockets or deployed standalone for granular environmental and usage monitoring.
• InteliGateway On-premise gateway hardware that forms a ZigBee mesh network with up to 100 InteliSockets and InteliSensors, aggregating device data over a range of up to 750 feet and transmitting it to the WattIQ Cloud for analytics and alerting.
• WattIQ Cloud Cloud-based SaaS platform providing unified dashboards, analytics, scheduling, alerting, and administrative tools across multiple sites. Delivers enterprise-grade security with end-to-end SSL/TLS, AES-128 encryption, AWS multi-zone availability, and 99.999% uptime.
• Asset Intelligence Solution that uses real-time sensing of electrical consumption to monitor asset condition and utilization, providing visibility into how assets are used on a daily and weekly basis to address underutilized R&D capital and reduce CapEx inefficiency.
• Energy Management Solution enabling visualization and control of energy usage for thousands of plug-load devices, including remote scheduling, device condition monitoring, and emergency preparedness features such as temperature monitoring.
• Freezer Monitoring Manufacturer-agnostic solution combining energy usage data with temperature and door opening data for enterprise-wide monitoring of refrigerated assets including ULT freezers, designed for the life sciences industry.

Quantifiable outcome

• Up to 30% savings in annual operating costs from transitioning to usage-based and preventative maintenance models
• +4 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability4 records

Feature6 records

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Elemental Machines: IoT sensor platform purpose-built for laboratory and life-sciences asset monitoring (freezers, incubators, equipment) with a cloud analytics layer — most direct comp to WattIQ's lab-focused go-to-market, hardware-plus-SaaS architecture, and AI-driven utilization insights.
• Rees Scientific: Specializes in continuous temperature and environmental monitoring for laboratories, pharmacies, and blood banks — directly comparable to WattIQ's freezer monitoring solution in target customer, use case (cold-chain compliance, anomaly alerts), and on-premise sensor + cloud model.
• MachineMetrics: Industrial asset performance and predictive maintenance platform that combines edge hardware, machine data, and analytics — comparable to WattIQ on the IoT-plus-AI asset intelligence architecture, with similar Anomaly Detection and utilization-monitoring capabilities.
• Samsara: Public IoT operations platform selling hardware gateways + cloud subscription to enterprise customers across facilities, fleet, and asset use cases — directly comparable business model (hardware + SaaS, multi-vertical enterprise field sales, AIOps analytics) though serving different primary verticals.
• Particle Industries: IoT platform providing mesh-networked edge hardware (similar ZigBee/Wi-Fi mesh architecture to WattIQ) and a cloud management layer for industrial asset monitoring — comparable on the underlying connectivity and platform stack that WattIQ's InteliGateway/Cloud architecture represents.
• Sense: Smart plug-based energy monitoring with AI-driven device disaggregation and asset-level analytics — directly comparable product category (smart socket + cloud AI for electrical asset visibility) though primarily serving residential rather than WattIQ's enterprise verticals.

Emerging players

• 75F: IoT-based building automation and energy management platform combining wireless sensors, cloud controls, and AI — overlaps with WattIQ's facilities vertical on plug-load, scheduling, and HVAC-adjacent energy optimization use cases.
• Enlighted (Siemens): Smart-building sensor and analytics platform (Siemens-owned) providing lighting, HVAC, and plug-load data via distributed IoT sensors — competes with WattIQ in the commercial facilities vertical with a stronger incumbent parent.

Broad incumbents

• Honeywell Building Technologies: Broad building management systems (BMS) and energy management portfolio from a global industrial conglomerate — represents the incumbent threat WattIQ faces in facilities: bundled offerings that can subsume WattIQ's plug-load and energy-management capabilities.
• Schneider Electric EcoStruxure: Global energy management and automation platform covering power metering, building analytics, and sustainability — directly competes with WattIQ on enterprise energy visibility, with vastly larger installed base and channel reach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/wattiqio
• LinkedInlinkedin.com/company/3355381

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds8 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about WattIQ