Verity
- Company typePrivate
- Founded-
- HeadquartersGhent, Belgium
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
Verity firmographics
Firmographics- Name
- Verity
- Legal name
- VERITY
- Website
- https://verity.global
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Verity industry classification
Industry- Product category
- Utility Billing Software
- NAICS
- Custom Computer Programming Services (541511), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Programming Services (7371)
- akta.pro primary industry
- Meter-to-Cash / Billing & CIS Integration for AMI (EUADAFAM)
- akta.pro secondary industries
- Advanced Metering Infrastructure (AMI) & Smart Metering (EUADAPAB), Advanced Metering Infrastructure (AMI) & Smart Meter Analytics (Meter Data for NRW) (EUANAKAC), AMI Communications (RF Mesh, PLC, Cellular/NB-IoT, Private LTE) (EUADAFAD)
Keywords
Where Verity is headquartered
LocationHeadquarters
- HQ city
- Ghent
- HQ country
- Belgium
- HQ region
- Europe
Offices3 records
Markets served
Verity business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- SaaS Platform Subscription: The primary revenue model is a SaaS platform subscription. Verity grants clients a license to use the Platform and Services during the Term in exchange for a Subscription Fee. The Subscription Fee is payable in advance (monthly, quarterly, or yearly based on the Order) and covers access to the platform, standard support (online documents and community). One-time setup fees (including standard implementation and activation support) and additional support services are billed separately on a time and material basis.
- Professional Services: Additional services beyond the core Platform subscription are available, including custom development, implementation, training, and other professional services. These are priced separately based on scope and billed on a time and material basis.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | SaaS Platform Subscription with customizable scope |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels4 records
Verity product offering
Product offeringCore offering
Verity operates a cloud-native SaaS platform (Verity Insights) for utilities that combines dynamic tariff management, granular billing, and customer intelligence in a single unified system. The platform processes billions of 15-minute smart meter data points in near real time, supports submetering for distributed energy resources such as EVs, heat pumps, and solar, and exposes its logic via REST API and an MCP server for integration with agentic AI workflows. A companion mobile app, Verity Index, enables field teams to record manual meter readings with offline support.
Product overview
Verity is a cloud-native SaaS platform for utilities that combines dynamic tariffs, granular billing, and customer intelligence in one unified platform. The core product is Verity Insights, which processes over 2 billion data points daily and supports 6+ million daily API calls across 20+ utility clients. The platform follows a Collect-Rate-Publish workflow (Ingest & Enrich, Analyze & Calculate, Act & Expose) and includes a companion mobile app, Verity Index, for field data collection of manual meter readings with offline support and automatic sync.
Differentiator
Problem solved
Functional benefit
Brands
- Verity Index: Mobile app enabling users to directly record manual readings of indexes on electricity, gas and power meters.
Products and services
- Verity Insights Cloud-native SaaS platform for utilities that combines dynamic tariffs, granular billing, and customer intelligence in one engine. Processes billions of 15-minute smart meter data points in near real time, supports submetering for EVs, heat pumps, and solar, and exposes pricing signals, billing outputs, and data exports via REST API and MCP server. Targets utilities, grid operators, water companies, and AI/agentic developers.
- Verity Index
Quantifiable outcome
- 2 billion+ datapoints managed daily with near real-time processing
- +3 more outcomes
Companies that use Verity
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles4 records
Verity technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration14 records
Feature6 records
Verity partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- LEBA (London Energy Brokers Association)coreVerity integrates LEBA European Gas Prompt dataset, providing indices for Austrian VTP, French PEG, Italian PSV, German THE, Dutch TTF, and Belgian ZTP hubs. This enables utilities to access day-ahead, weekend, and holiday gas price indices for energy trading and risk management.
- Elia Open DatacoreVerity has integrated additional Elia Open Data datasets into its platform, including imbalance prices per minute (near real-time), system imbalance forecast for the next quarter hour, wind power production estimation and forecast, and photovoltaic power production estimation and forecast on the Belgian grid. This integration provides Verity customers with access to critical grid data for energy trading and optimization.
- Ewon (HMS Networks)coreVerity added a new device connector for Ewon industrial routers and IoT devices, allowing customers to directly connect their Ewon devices to Verity Insights and automatically retrieve data. Available through both the connector UI and API.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Verity competitors and assessment
Company assessmentDirect peers
- KWI: KWI offers utility customer intelligence, energy efficiency programs, and digital customer experiences for energy providers. It overlaps with Verity's customer intelligence and dynamic pricing capabilities for utility retail and supplier segments.
- Uplight: Uplight provides a customer engagement and energy efficiency platform for utilities, including dynamic pricing, DER management, and demand response programs. It competes directly with Verity in enabling utilities to monetize flexibility and launch TOU/dynamic tariffs.
Broad incumbents
- Itron: Itron is a leading AMI/ smart metering hardware and analytics provider for global utilities. It competes with Verity at the AMI data layer, though Verity focuses on the SaaS analytics/billing application layer rather than the meter hardware.
- OATI: OATI provides energy management, settlement, and smart grid solutions to utilities and ISOs/RTOs. It is comparable to Verity at the settlement/rating and energy data analytics layer for grid operators.
- AutoGrid (Schneider Electric): AutoGrid, acquired by Schneider Electric, provides DER management, flexibility monetization, and grid optimization for utilities. It is comparable to Verity's grid-operator offering around DER submetering and flexibility event handling.
- Oracle Utilities Customer Care and Billing: Oracle's CC&B is the incumbent CIS/billing platform serving large utilities globally. Verity competes by offering a more agile, dynamic-tariff-native alternative that integrates directly with smart meter data and supports 15-minute interval billing.
- SAP for Utilities (IS-U): SAP IS-U is the dominant legacy utility billing and customer service platform across European utilities. Verity targets the dynamic-pricing gap that SAP IS-U struggles to address at 15-minute interval granularity.
Emerging players
- Piclo: Piclo operates a flexibility marketplace connecting DERs to grid operators and suppliers, primarily in the UK and Europe. It overlaps with Verity's grid-operator segment around flexibility monetization and DER coordination.
- Bidgely: Bidgely uses AI-powered energy disaggregation to deliver appliance-level customer insights and engagement for utilities. It overlaps with Verity's customer intelligence layer but focuses on appliance-level analytics rather than dynamic tariff billing.
- EnergyHub: EnergyHub provides a DER management platform for utilities, focusing on residential demand response, smart thermostats, and EV charging orchestration. Comparable to Verity's grid-operator module for DER and flexibility management.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Verity social profiles
Digital presenceVerity financial estimates
Financial estimateRevenue estimate
Valuation estimate
Verity leadership team
Management profileNumber of profiles
Verity subsidiaries and ownership
Company hierarchySubsidiaries1 record
Verity funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Verity 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 Verity
What does Verity do?
Verity operates a cloud-native SaaS platform (Verity Insights) for utilities that combines dynamic tariff management, granular billing, and customer intelligence in a single unified system. The platform processes billions of 15-minute smart meter data points in near real time, supports submetering for distributed energy resources such as EVs, heat pumps, and solar, and exposes its logic via REST API and an MCP server for integration with agentic AI workflows. A companion mobile app, Verity Index, enables field teams to record manual meter readings with offline support.
Is Verity a public or private company?
Verity is a private company. It is classified as unknown and is currently operating.
When was Verity founded?
Verity was founded in -1. It employs 11 to 50 people.
Where is Verity based?
Verity is headquartered in Ghent, Belgium, in the Europe region.
How does Verity make money?
Two revenue lines are on record. SaaS Platform Subscription is the primary driver. The others are professional Services.
Who are Verity's main competitors?
Direct peers on record are KWI and Uplight. Broad incumbents are Itron, OATI, AutoGrid (Schneider Electric), Oracle Utilities Customer Care and Billing and SAP for Utilities (IS-U). Emerging players are Piclo, Bidgely and EnergyHub.
Does Verity have an API?
Yes. Verity Insights API available at api.opinum.com (currently version 1.7). OAuth2-based authentication using client_id/client_secret with bearer tokens. Supports REST API for data push (push.opinum.com) and standard API access (api.opinum.com). Backward compatibility maintained for versions 1.0 through 1.7. Features include webhook notifications (HTTP, AMQP V10, AMQP V9, MQTT, Kafka), calculated variables engine, and MCP server for agentic AI workflow integration. Developer documentation is at api.opinum.com.
What industry is Verity in?
Verity's product category is Utility Billing Software. Its primary akta.pro industry code is EUADAFAM, Meter-to-Cash / Billing & CIS Integration for AMI, with a secondary code of EUADAPAB, Advanced Metering Infrastructure (AMI) & Smart Metering. Its NAICS code is 541511 and its SIC code is 7370.