CAS Technology

What CAS Technology does

CAS Tecnologia is a privately held Brazilian technology company founded in 2000, headquartered in São Paulo, that develops end-to-end smart utility solutions for the energy, water, and gas sectors. The company's core offerings center on two proprietary platforms: Plataforma Hemera, an intelligent metering management system that handles telemedition across energy, water, and gas with 14+ specialized modules (C&I, MOBii, Residencial Smart, SmartWater, GreenPower, Hemera Cloud, Iris IoT, etc.); and Plataforma Athena, an analytical platform providing real-time diagnostics, predictive analytics, and operational intelligence. Complementing the software stack is the RS2000 hardware line of field communication modules and the IoT.CAS satellite-based connectivity solutions. The company reports that Hemera manages over 3.5 million telemeasured points, is present in 88% of Brazil's largest energy distributors, and that more than 50% of billed electricity revenue in Brazil passes through its solutions.

The business operates across four revenue streams: (1) platform software licenses and subscriptions (Hemera, Athena, including the new Hemera Cloud SaaS option), (2) hardware module sales (RS2000, e-Power, e-Water), (3) professional services and consulting (RS2000 Professional Services, custom software development), and (4) managed services for individual metering in condominiums and residential buildings. Go-to-market is exclusively enterprise B2B direct sales targeting large concessionárias (utilities), supplemented by strategic technology partnerships with Vivo, Huawei, Ublox, Quectel, Inatel, and Energisa. The company serves primary customers in energy distribution (Light, EDP, Energisa, Celesc, Enel RJ, Amazonas Energia), water utilities, gas distributors, and residential buildings, with regulatory compliance driven by Brazilian frameworks including ANEEL, ANATEL, and the Marco do Saneamento.

The company is privately held with no disclosed external funding rounds, no parent entity, and 251-500 employees. It maintains ISO 9001 certification and operates an employee ownership program. Recent strategic emphasis (2024-2025) has been on expanding cloud and IoT capabilities (Hemera Cloud, Iris IoT), deepening AI/cybersecurity R&D through the Inatel partnership, and pushing into international markets via satellite IoT connectivity. The company claims global presence with solutions deployed on all continents, though the Brazilian market remains its primary revenue base.

Name

CAS Technology

Legal name

CAS Tecnologia

Website

https://castecnologia.com.br

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

251–500 employees

Short description

CAS Tecnologia is a privately held Brazilian technology company that provides end-to-end smart metering and analytics platforms (Hemera, Athena) for energy, water, and gas utilities, managing over 3.5 million measurement points across 88% of Brazil's largest energy distributors.

Ownership category

akta.pro rank

Product category

Smart Grid Software & Utility Metering Platforms

NAICS

Electric Power Generation, Transmission and Distribution (2211), Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals (334515), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Electric Bulk Power Transmission and Control (221121)

SIC

Industrial Instruments For Measurement, Display, And Control (3823), Instruments For Meas & Testing Of Electricity & Elec Signals (3825), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Meter Installation, Exchange & Field Services (EUADAFAF)

akta.pro secondary industries

AMI/AMR Smart Meter Deployment & Operations (Head-End, Network & MDM) (EUAJACAD), Metering & Grid Measurement (Smart Meters, CT/VT, PQ Meters) (IMAGAAAH), SCADA & Telemetry Software (Control Center) (EUADAEAD)

Keywords

• Smart grid software
• Advanced metering infrastructure
• Utility IoT solutions
• Commercial loss recovery
• Smart water metering

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Supply Chain

Revenue model

1. Platform Software Licenses and Subscriptions: Hemera and Athena platforms are offered as software solutions to utility companies, likely through licensing or subscription models. The platforms manage measurement data, analytics, and AI for energy, water, and gas distributors.
2. Hardware Modules and Communication Equipment: Sale of RS2000 communication modules, e-Power, e-Water, and other IoT hardware devices for field deployment in smart grid and smart water networks.
3. Professional Services and Consulting: RS2000 Professional Services, software development services, and consulting for integration of systems and devices for utilities modernization.
4. Measurement Individualization Services: Services for individual metering in residential and condominium settings, including installation, monitoring, and management of individual water and energy meters.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

CAS Tecnologia develops and sells integrated smart grid, IoT, and AI-powered metering management solutions for utility companies distributing energy, water, and gas. Its core offerings are the Plataforma Hemera measurement data management platform, the Plataforma Athena analytical/AI platform, the RS2000 line of field communication hardware modules, and complementary telemetry solutions (e-Power, e-Water, IoT.CAS) that connect smart meters and field equipment with utility corporate systems (ERP, billing). The company also offers individualized metering for condominiums, commercial loss recovery services, and custom software development.

Product overview

CAS Tecnologia offers a platform-plus-modules architecture centered on two main platforms: Plataforma Hemera (intelligent metering management) and Plataforma Athena (analytical intelligence). Plataforma Hemera provides end-to-end smart grid solutions across energy, water, and gas, with specialized modules including C&I for commercial/industrial metering, MOBii for mobile field reading, Residencial/Residencial Smart for residential segments, Iris/Iris IoT for MDC equipment management, Gauss for analytics, Dashboard/ViewPoint for visualization, SmartWater for water utilities, GreenPower for distributed generation, Hemera Cloud for SaaS deployment, and Fronteira for border metering. The company also provides hardware through the RS2000 communication module line, telemetry solutions e-Power and e-Water, IoT satellite solutions via IoT.CAS, commercial loss recovery services, individualized metering for condominiums, and software development services. Athena adds analytical capabilities for predictive maintenance, demand forecasting, and operational intelligence.

Differentiator

Problem solved

Functional benefit

Brands

• Plataforma Hemera: Smart grid management platform for energy, water and gas measurement, present in 88% of largest energy distributors in Brazil
• IoT.CAS
• Plataforma Athena
• MOBii
• RS2000

Products and services

• Plataforma Hemera Comprehensive measurement data management (MDM) platform for energy, water, and gas utilities. Connects field equipment (AMI/MDC), analytical systems, and corporate systems (ERP, Billing) into an integrated ecosystem. Manages over 3.5 million telemeasured points across Brazil and is present in 88% of Brazil's largest energy distributors.
• Plataforma Athena Analytical platform with high-capacity data processing for tactical, strategic, and operational decision-making across energy distribution. Provides real-time diagnostics, scenario analysis, risk assessment, and predictive analytics using neural networks and AI for distribution network optimization.
• RS2000 Communication Modules Line of field communication hardware modules with embedded intelligence for telemetry, smart water, and energy measurement applications. Used for remote meter reading and smart grid field connectivity, including standard and RS2000 Transparent Bridge variants.
• e-Power Intelligent telemetry and automation solution for electrical power distribution management. Provides real-time monitoring and control of energy distribution networks for utilities.
• e-Water Intelligent telemetry and automation solution for water distribution and smart water grid management. Enables remote measurement, leak detection, and real-time monitoring of water distribution networks.
• IoT.CAS Solutions IoT-based connectivity solutions for utilities leveraging satellite connectivity (Swarm) for remote monitoring in areas with inconsistent mobile coverage. Developed as IoT extension of smart grid and smart water networks.
• Commercial Loss Recovery (Recuperação de Perdas Comerciais) Solution for identifying and reducing non-technical losses (commercial losses) from energy, water, and gas distribution. Detects fraud, unauthorized connections, and billing irregularities using AI-powered analytics with up to 95% certainty in fraud detection.
• Individualized Metering (Medição Individualizada) Individual water and energy metering solution for residential condominiums and buildings, enabling per-unit consumption tracking and fair billing. Includes partnerships such as ProAcqua with Sabesp. Supports compliance with Brazilian Law 13.312/16.
• Neuron - AI Telemedicine Diagnostics AI-based diagnostic solution for telemedicine and billing assurance in energy utilities, using neural networks to analyze consumption patterns and detect anomalies in smart meter data.
• RS2000 Professional Services Professional services for RS2000 communication module deployment, integration, and support for utility clients.
• Software Development Services Custom software development services for the utilities sector, including R&D projects with academic partners such as Inatel.
• MOBii (Smart Mobile and Integrated Mobility) Android mobile application that uses Bluetooth to communicate with meters and transmit readings via 3G/4G or Wi-Fi networks, providing intelligent parameterization of meter reading for corporate clients and supporting field data collection workflows.

Quantifiable outcome

• Plataforma Hemera manages over 3.5 million telemeasured points of energy, water, and gas across Brazil
• +7 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature7 records

Partnerships

Seven partnerships are on record, tiered core and flagship.

• EnergisacoreStrategic or Co-development Partner · 1 January 2022Strategic partnership for smart grid deployment including rural electrification (Vila Restauração project in Acre) and integration of WFM systems with the Hemera platform's IRIS module.
• Vivo (Telefônica Brasil)flagshipTechnology or Integration · 1 January 2017Partnership in the Open IoT Lab in Rio de Janeiro, focused on NB-IoT (Narrowband IoT) technology development for metering and tracking applications. CAS Tecnologia contributes energy sector solutions to the IoT ecosystem alongside Huawei, Ublox, and Quectel.
• HuaweiflagshipTechnology or Integration · 1 January 2017Technology partner in Vivo's Open IoT Lab for NB-IoT ecosystem development, providing technology infrastructure for IoT applications in Brazil including smart metering.
• UbloxflagshipTechnology or Integration · 1 January 2017Connectivity module developer partnering in NB-IoT lab and field trials for smart metering and tracking applications in Brazil.
• QuectelflagshipTechnology or Integration · 1 January 2017Connectivity module developer partnering in NB-IoT ecosystem development for utility IoT applications in Brazil.
• Universidade Federal do Tocantins (UFT)coreStrategic or Co-development Partner · 1 January 2016Partnership for technology innovation, including the development of a water flow monitoring system for the Rio Formoso Basin using RS2000 communication modules for agricultural water intake monitoring.
• Inatel (Instituto Nacional de Telecomunicações)coreStrategic or Co-development Partner · 1 January 201410-year strategic partnership in Research, Development, and Innovation (PD&I) focused on IoT and Smart Grid solutions. Supported by Lei de TICs (Informatics Law) and Embrapii funding. Key outcomes include tariff white box measurement system and quality energy modules for the Hemera platform. Partnership continues with new fronts in AI, Software, and Cybersecurity.

Scale indicators9 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Itron: Global leader in AMI, smart meters, MDM and utility IoT. Directly competes with CAS in smart metering and meter data management for electric, water and gas utilities, including in Latin America.
• Landis+Gyr: Swiss-headquartered global AMI and smart metering vendor serving electric, gas and water utilities. Closely comparable to CAS in MDM, AMI head-end systems, and smart meter deployment for utilities.
• Kamstrup: Danish smart metering specialist focused on heat, water, electricity and gas metering with integrated MDM/analytics offerings. Highly comparable to CAS's combined energy/water/gas metering platform approach.
• Sagemcom: European vendor of smart meters and AMI solutions for utilities, with energy, water and gas offerings. Competes with CAS on AMI head-end, metering infrastructure and managed services.
• Aclara (Hubbell): US AMI, smart metering and utility IoT provider (now part of Hubbell). Overlaps directly with CAS's AMI/MDM offering and field services for North and Latin American utilities.

Broad incumbents

• Schneider Electric: Global broad-line energy management and automation incumbent with EcoStruxure platform overlapping AMI, grid management and utility analytics. Larger portfolio than CAS but competes for similar utility digital transformation budgets.
• Siemens Smart Infrastructure: Broad incumbent offering grid software, SCADA/ADMS, and energy automation alongside metering solutions. Competes with CAS for digital utility transformation mandates in Brazil and globally.

Emerging players

• Hexing Electrical: Chinese smart meter and AMI vendor with growing presence in emerging markets. Competes with CAS on price-sensitive electric AMI tenders in Latin America, Africa and Southeast Asia.
• EDMI (Osaki Electric): Asia-Pacific smart metering specialist for electricity, water and gas. Comparable in multi-utility metering focus and increasingly active in Latin American utility tenders that overlap with CAS.

Regional players

• WEG: Large Brazilian industrial conglomerate with electric equipment, automation and digital solutions for utilities. Competes with CAS in some Brazilian smart grid and energy automation opportunities from a regional base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/castecnologia
• Facebookfacebook.com/castecnologia
• LinkedInlinkedin.com/company/castecnologia
• Instagraminstagram.com/castecnologia
• Xx.com/castecnologia

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

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 CAS Technology