When was Faradai founded?

Faradai was founded in 2017 and raised its 1st funding round 2 years after it was founded.

Where is Faradai located?

Faradai is headquartered in London, United Kingdom. It is registered at 18 Alphabeta Building, Finsbury Square, London, United Kingdom, EC2A 1AH.

Who is the current CEO of Faradai?

Sahin Caglayan of Faradai. They have also founded 1 company.

Which legal entities is Faradai associated with?

Faradai is associated with FARADAI LIMITED.

How many employees does Faradai have?

As of Aug 31, 2026, the latest employee count at Faradai is 20.

Is Faradai a funded company?

Faradai is a funded company, having raised a total of $3.4M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Sep 14, 2019.

How much is Faradai worth?

The latest valuation of Faradai is £***** as of Nov 30, 2022.

When was the latest funding round of Faradai?

Faradai's latest funding was a $***** Seed round on Nov 09, 2022, with participation from 10 investors.

Where does Faradai rank among its competitors?

Faradai ranks 909th amongst 5084 active competitors, of which 709 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Sense, which secured an undisclosed amount in Jan, 2026.

Who are the top competitors of Faradai?

Faradai's top competitors include Particle, Landis+Gyr and Enel X. Among them, Sense secured the most recent funding round in January, 2026.

Faradai - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

AI and cloud-based platform offering energy analytics solutions for commercial applications. The company offers solutions for managing building energy efficiency. It provides end-to-end data analytics across the energy chain. It helps in building analytics models and unifying energy data.

Website: faradai.ai
Social
Email ID: *****@faradai.ai
Registered Address: 18 Alphabeta Building, Finsbury Square, London, United Kingdom, EC2A 1AH

Key Metrics

Founded Year

2017

Location

London, United Kingdom

Stage

Seed

Total Funding

$3.4M in 3 rounds

Latest Funding Round

Seed, Nov 09, 2022, $*****

Post Money Valuation

£***** as on Nov 30, 2022

Investors

EdenBase & 33 more

Ranked

909^th among 5084 active competitors

Employee Count

20 as on Aug 31, 2026

Similar Companies

Particle & 6477 more

View Faradai's full profile

Faradai is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
FARADAI LIMITED CIN: 13840885 , Germany, Active	Jan 10, 2022	-	100 (As on May 31, 2021)

Faradai has raised a total funding of $3.4M over 3 rounds. Its first funding round was on Sep 14, 2019. Its latest funding round was a Seed round on Nov 09, 2022 for $*****. 10 investors participated in its latest round. Faradai has 12 institutional investors and 22 angel investors.

Here is the list of recent funding rounds of Faradai:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 09, 2022	2891897	Seed	8054387	9395151	3361409	2960657
Feb 01, 2020	7389889	Grant (prize money)	8192337	8533946	5658661	Europa
Sep 14, 2019	5762950	Seed	6289326	1284772	1585414	GSD Venture Studios

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View details of Faradai's funding rounds and investors

The founders of Faradai are Burak Sefer, Utku Simitli and Sahin Caglayan. Sahin Caglayan is the CEO of Faradai.

Here are the details of Faradai's key team members:

Burak Sefer: Co-Founder of Faradai and founder of 1 other company.
Contact Info: 2 email addresses
Utku Simitli: Co-Founder of Faradai and founder of 1 other company.
Contact Info: 2 email addresses
Sahin Caglayan: Co-Founder & CEO of Faradai and founder of 1 other company.
Contact Info: 2 email addresses

View details of Faradai's Founder profiles and Board Members

Faradai's employee count trend

Faradai has 20 employees as of Aug 26. Here is Faradai's employee count trend over the years:

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Top competitors of Faradai include Particle, Landis+Gyr and Enel X. Here is the list of Top 10 competitors of Faradai, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Particle 2011, San Francisco (United States), Acquired	Developer of a prototype to production connectivity platform for IoT	$135M	Root Ventures, Qualcomm Ventures & 20 others	78/100
2nd	Landis+Gyr 1896, Cham (Switzerland), Acquired	Manufacturer of electric meters and grid edge data management software	$1.03B	Triodos Investment Management, Hudson Clean Energy Partners ... & 3 others	77/100
3rd	Enel X 2001, Boston (United States), Acquired	Developer of utility-scale renewable energy projects	$168M	Foundation Capital, Glen Capital & 9 others	74/100
4th	Metronome 2020, San Francisco (United States), Acquired	Usage-based invoice management solutions for small businesses	$128M	New Enterprise Associates, Andreessen Horowitz ... & 17 others	73/100
5th	SPAN 2014, San Francisco (United States), Series C	Smart energy management technology platform that modernizes residential electrical systems	$419M	Wellington, Fifth Wall & 33 others	72/100
6th	Sense 2013, Cambridge (United States), Series D	Smart energy platform providing real-time electricity usage insights for homes and utilities	$177M	IDO Investments, Blue Earth Capital & 21 others	71/100
7th	Phononic 2009, Durham (United States), Series F	Providing solid state thermal management solutions	$230M	Oak Investment Partners, Venrock & 18 others	70/100
8th	Bidgely 2011, Mountain View (United States), Series C	Provider of a solution for consumers to monitor and manage their household energy use	$87.7M	Khosla Ventures, Georgian & 11 others	69/100
9th	Resideo 2018, Wilmington (United States), Public	Provider of smart home solutions for security, air, water, and energy	-	CD&R	69/100
10th	Fracttal 2014, Santiago (Chile), Series C	Cloud-based enterprise asset management solutions	$52.3M	Riverwood Capital, Seaya & 8 others	69/100
909th	Faradai 2017, London (United Kingdom), Seed	AI and cloud-based platform offering energy analytics solutions for commercial applications	$3.4M	Goldman Sachs, Capria & 32 others	33/100