SpeedRead Technologies
SpeedRead Technologies LLC provides proprietary Advanced Metering Infrastructure (AMI) hardware and cloud-based DataSense software for utility submetering, serving residential, commercial, and municipal property owners and REITs across the United States.
- Company typePrivate
- Founded1998
- HeadquartersIndianapolis, United States
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What SpeedRead Technologies does
SpeedRead Technologies LLC is an Indianapolis-based, privately held provider of Advanced Metering Infrastructure (AMI) and Automated Meter Reading (AMR) solutions for utility submetering, founded circa 1998 and operating for over 25 years. The company's product stack combines proprietary RF hardware and cloud software: the STx Transmitter interfaces with utility submeters and transmits readings at FCC Part 90 certified 450-470 MHz frequencies with up to a 2-mile range; the Gateway concentrates data from up to 25,000 water, gas, or electric meters; the Repeater extends coverage; the newer CellPoint IoT sensor adds LTE-based monitoring for pressure, temperature, level, and analog sensors; and the DataSense Network is a cloud meter data management platform with real-time alarms, anomaly detection, Non-Revenue Water analysis, and API integration into billing, CRM, and GIS systems.
The business model is a mix of hardware sales (transmitters, gateways, repeaters, CellPoint devices), recurring DataSense Network SaaS subscriptions, and implementation services for system installation and configuration. Pricing is quote-based with multi-year contracts, and the go-to-market is direct B2B enterprise sales targeting property owners, managers, municipal housing authorities, and REITs across residential, commercial, and municipal segments. Documented customer outcomes include 15-50% reductions in water or gas consumption with installation cost recovered within the first year, supporting a strong ROI-based sales narrative anchored by named case studies at mid-market apartment complexes and manufactured housing communities.
Operationally, SpeedRead runs as a bootstrapped, founder-led LLC under President Bernard S. Hasten with 51-100 employees, no disclosed institutional investors or parent company, and a single Indianapolis headquarters. The competitive position rests on licensed 450-470 MHz spectrum, IP-68 sealed hardware with 10-year battery options, longer transmission range than unlicensed competitors, and 25 years of installed-base relationships with major U.S. REITs.
SpeedRead Technologies firmographics
Firmographics- Name
- SpeedRead Technologies
- Legal name
- SpeedRead Technologies LLC
- Website
- https://speedreadtech.com
- Company type
- Private
- Founded year
- 1998
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- SpeedRead Technologies LLC provides proprietary Advanced Metering Infrastructure (AMI) hardware and cloud-based DataSense software for utility submetering, serving residential, commercial, and municipal property owners and REITs across the United States.
- Ownership category
- akta.pro rank
SpeedRead Technologies industry classification
Industry- Product category
- Utility Submetering Solutions
- NAICS
- Totalizing Fluid Meter and Counting Device Manufacturing (334514), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (3345), Other Measuring and Controlling Device Manufacturing (334519), Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals (334515), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- SIC
- Totalizing Fluid Meters & Counting Devices (3824), Industrial Instruments For Measurement, Display, And Control (3823), Measuring & Controlling Devices, Nec (3829), Instruments For Meas & Testing Of Electricity & Elec Signals (3825)
- akta.pro primary industry
- Advanced Metering Infrastructure (AMI) & Smart Metering (EUADAPAB)
- akta.pro secondary industries
- Metering Hardware & Field Services (AMI/AMR meters, endpoints, installation, maintenance) (EUANAIAA), AMI Smart Meters (Electric) & Meter Hardware (EUADAFAA), AMI/AMR Smart Meter Deployment & Operations (Head-End, Network & MDM) (EUAJACAD), Condition Monitoring Sensors & IoT (online/offline monitoring, edge devices) (EUADAJAD)
Keywords
Where SpeedRead Technologies is headquartered
LocationHeadquarters
- HQ city
- Indianapolis
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
SpeedRead Technologies business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales
Revenue model
- Hardware Sales: Sale of AMI/AMR hardware including STx Transmitters, Gateways, Repeaters, and CellPoint IoT devices. Hardware is sold as part of fixed network submetering solutions with pricing based on installation scope.
- DataSense Network Software: Cloud-based Software-as-a-Service platform for meter data management. Provides consumption analytics, real-time alarms, billing integration, and reporting capabilities on a subscription basis.
- Implementation Services: Professional services for system installation and configuration. Case studies reference custom installations at apartment complexes and manufactured housing communities.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom quotation based on property requirements |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
SpeedRead Technologies product offering
Product offeringCore offering
SpeedRead Technologies designs, manufactures, and supports a fully integrated wireless Advanced Metering Infrastructure (AMI) and Automated Meter Reading (AMR) platform for utility submetering in residential and commercial real estate. The offering combines proprietary hardware—STx Transmitters, Gateways, Repeaters, and CellPoint IoT sensors—with the DataSense Network software platform, enabling property owners and managers to remotely read, monitor, and analyze water, electric, gas, and other utility consumption across multi-tenant buildings.
Product overview
SpeedRead Technologies offers an Advanced Metering Infrastructure (AMI) platform combining hardware devices and cloud-based software. The product portfolio consists of five components: (1) STx Transmitter as the foundational device interfacing with utility submeters, (2) Gateway as the data concentrator supporting up to 25,000 meters, (3) Repeater as a range-extending signal relay, (4) CellPoint as an IoT data-logging device for analog sensors, and (5) DataSense Network as the cloud-based consumption management and analytics platform tying all components together.
Differentiator
Problem solved
Functional benefit
Brands
- DataSense Network: Cloud-based meter data management software that transforms datapoints into consumption information, supporting AMR/AMI projects of any size.
Products and services
- STx Transmitter Proprietary wireless transmitter device that attaches to utility meters and communicates meter consumption data over SpeedRead's 450–470 MHz AMI/AMR radio network; designed for multi-tenant residential and commercial submetering deployments.
- Gateway Collector device that receives consumption data transmitted by STx Transmitters over the 450–470 MHz radio network and forwards meter readings to the DataSense Network software platform for billing and analytics.
- Repeater Signal-extending device deployed within buildings or across a property to relay STx Transmitter signals to the Gateway, supporting coverage in dense multi-tenant structures where line-of-sight to the collector is limited.
- CellPoint IoT-based submetering sensor endpoint within SpeedRead's AMI/AMR product family, used to capture and transmit utility consumption data over SpeedRead's wireless network for billing and monitoring.
- DataSense Network Cloud-hosted software platform that ingests meter readings from SpeedRead's Gateway infrastructure, provides remote monitoring and analytics of utility consumption, and supports tenant billing, reporting, and operational decision-making for property owners and managers.
Quantifiable outcome
- 15-50% reduction in water consumption for properties implementing SpeedRead AMI solutions
- +4 more outcomes
Companies that use SpeedRead Technologies
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles2 records
SpeedRead Technologies technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability3 records
Feature5 records
SpeedRead Technologies partnerships and signals
Strategic signalScale indicators8 records
Recent moves5 records
Expansion highlights5 records
SpeedRead Technologies competitors and assessment
Company assessmentBroad incumbents
- Itron: Global AMI platform vendor for water, gas, and electric utilities with fixed-network, cellular, and RF endpoints. Comparable end-to-end AMI architecture and serves utilities and large multi-property portfolios, though at significantly larger scale than SpeedRead.
- Aclara (Hubbell): Provider of AMI/AMR solutions and smart infrastructure sensors for electric, gas, and water utilities. Overlapping AMI/AMR platform offering and serves utility customers that include municipal housing authorities.
- Landis+Gyr: Global AMI vendor serving electric, gas, and water utilities with RF, PLC, and cellular endpoint networks. Comparable AMI architecture; competes indirectly for larger utility and municipal customers.
Direct peers
- Kamstrup: Danish smart metering company producing heat, water, and electricity meters with RF/cellular AMI. Comparable smart-meter hardware and AMR/AMI data management software stack for utilities and multi-family submetering.
- Badger Meter: Leading US manufacturer of water metering and AMI/AMR solutions for utilities and multi-family properties. Directly comparable product set (encoded meters, transmitters, AMR/AMI endpoints) and overlapping customer base in submetering and utility markets.
- Mueller Systems: Provides AMI/AMR solutions for water utilities, including the Mi.Net fixed-network system. Comparable product architecture and customer overlap in the water submetering and AMI space.
- Neptune Technology Group: Major US provider of water AMI/AMR systems and meter-reading services to utilities and multifamily/commercial customers. Directly comparable RF-based fixed-network AMI offering and submetering business model.
Emerging players
- H2O Degree: Specialty submetering vendor focused on water and energy submetering for multi-family and student housing. Comparably niche submetering focus with overlapping apartment-complex customers.
- Submeter Solutions: US submetering solutions provider for water, gas, and electric in multi-family and commercial properties. Closely comparable submetering-as-a-service model targeting the same property-owner and REIT segments.
- MeterSense: Submetering and AMI software/hardware provider for multi-tenant residential and commercial buildings. Comparable end-to-end submetering stack with cloud meter-data management.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
SpeedRead Technologies social profiles
Digital presenceSpeedRead Technologies compliance and trust
Trust signalCompliance3 records
SpeedRead Technologies financial estimates
Financial estimateRevenue estimate
Valuation estimate
SpeedRead Technologies leadership team
Management profileNumber of profiles
Profiles1 record
SpeedRead Technologies funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SpeedRead Technologies M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SpeedRead Technologies
What does SpeedRead Technologies do?
SpeedRead Technologies designs, manufactures, and supports a fully integrated wireless Advanced Metering Infrastructure (AMI) and Automated Meter Reading (AMR) platform for utility submetering in residential and commercial real estate. The offering combines proprietary hardware—STx Transmitters, Gateways, Repeaters, and CellPoint IoT sensors—with the DataSense Network software platform, enabling property owners and managers to remotely read, monitor, and analyze water, electric, gas, and other utility consumption across multi-tenant buildings.
Is SpeedRead Technologies a public or private company?
SpeedRead Technologies is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was SpeedRead Technologies founded?
SpeedRead Technologies was founded in 1998. It employs 51 to 100 people.
Where is SpeedRead Technologies based?
SpeedRead Technologies is headquartered in Indianapolis, United States, in the North America region.
How does SpeedRead Technologies make money?
Three revenue lines are on record. Hardware Sales are the primary driver. The others are dataSense Network Software and implementation Services.
Who are SpeedRead Technologies's main competitors?
Broad incumbents on record are Itron, Aclara (Hubbell) and Landis+Gyr. Direct peers are Kamstrup, Badger Meter, Mueller Systems and Neptune Technology Group. Emerging players are H2O Degree, Submeter Solutions and MeterSense.
Does SpeedRead Technologies have an API?
No public API is recorded for SpeedRead Technologies.
What industry is SpeedRead Technologies in?
SpeedRead Technologies's product category is Utility Submetering Solutions. Its primary akta.pro industry code is EUADAPAB, Advanced Metering Infrastructure (AMI) & Smart Metering, with a secondary code of EUANAIAA, Metering Hardware & Field Services (AMI/AMR meters, endpoints, installation, maintenance). Its NAICS code is 334514 and its SIC code is 3824.