When was Verse founded?

Verse was founded in 2022 and raised its 1st funding round within a year of its incorporation.

Where is Verse located?

Verse is headquartered in San Francisco, United States.

Who is the current CEO of Verse?

Seyed H Madaeni of Verse. They have also founded 1 company.

How many employees does Verse have?

As of Jul 31, 2026, the latest employee count at Verse is 80.

Is Verse a funded company?

Verse is a funded company, having raised a total of $80.3M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Oct 26, 2022.

When was the latest funding round of Verse?

Verse's latest funding was a $***** Series B round on Jun 18, 2026, with participation from 4 investors.

Where does Verse rank among its competitors?

Verse ranks 2nd amongst 198 active competitors, of which 15 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Verse, which secured $54M in Jun, 2026.

Who are the top competitors of Verse?

Verse's top competitors include Buzz Solutions, Entrix and Smartgrid Analytics. Among them, Verse secured the most recent funding round in June, 2026.

Verse - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of SaaS-based renewable energy management platform. It offers a SaaS platform to use advanced data science to allow companies to reduce their energy costs.

Website: verse.inc
Email ID: *****@verse.inc

Key Metrics

Founded Year

2022

Location

San Francisco, United States

Stage

Series B

Total Funding

$80.3M in 3 rounds

Latest Funding Round

Series B, Jun 18, 2026, $*****

Investors

Bessemer Venture Partners & 13 more

Ranked

2^nd among 198 active competitors

Employee Count

80 as on Jul 31, 2026

Similar Companies

Entrix & 176 more

View Verse's full profile

Verse is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
VERSE ENTERPRISES INC CIN: 883160564 , United States, Active	Dec 31, 1999	-	22 (As on Dec 31, 2024)	-

Verse has raised a total funding of $80.3M over 3 rounds. Its first funding round was on Oct 26, 2022. Its latest funding round was a Series B round on Jun 18, 2026 for $*****. 4 investors participated in its latest round. Verse has 14 institutional investors.

Here is the list of recent funding rounds of Verse:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 18, 2026	1057120	Series B	5177706	5788201	3632603	6404818
May 08, 2024	9735175	Series A	5207270	7420017	4731722	Coatue & 3 more
Oct 26, 2022	2774032	Seed	9325637	3241594	Coatue	Twine Ventures & 5 more

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View details of Verse's funding rounds and investors

The founders of Verse is Seyed H Madaeni. Seyed H Madaeni is the CEO of Verse.

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

Seyed H Madaeni: Co-Founder & CEO of Verse.

Verse's Board of Directors

Verse's board has 4 active members. Andy Chen, Andy Wheeler, Seyed Madaeni and Matthew Penfold are independent board members.

Here is the list of Verse's board of directors:

Name	Type	Representing	Status	Duration
Andy Chen	Independent board member	-	Current	2y 2m
s{yyint	Independent board member	-	Current	5y 7m
jjzaozf	Independent board member	-	Current	6y 9m
tnktiqh	Independent board member	-	Current	9y 1m

View details of Verse's Founder profiles and Board Members

Verse's employee count trend

Verse has 80 employees as of Jul 26. Here is Verse's employee count trend over the years:

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Top competitors of Verse include Buzz Solutions, Entrix and Smartgrid Analytics. Here is the list of Top 10 competitors of Verse, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Buzz Solutions 2017, Stanford (United States), Series A	Platform to process the data acquired by third-party drones	$9.5M	GoPoint Ventures, Blackhorn Ventures & 9 others	58/100
2nd	Verse 2022, San Francisco (United States), Series B	Provider of SaaS-based renewable energy management platform	$80.3M	Bessemer Venture Partners, Google Ventures ... & 12 others	57/100
3rd	Entrix 2021, Munich (Germany), Series A	Optimization and trading platform for energy storage	$49.8M	Enpal, KRAFTWERK ventures & 20 others	57/100
4th	Smartgrid Analytics 2022, Bengaluru (India), Series A	Renewable asset optimization platform	$3.3M	-	50/100
5th	Grid4C 2013, Austin (United States), Acquired	IoT, AI & SaaS-driven predictive analytics solution for energy sector demand forecasting & energy intelligence	$12.5M	Util-Assist Inc., Israel Cleantech Ventures ... & 6 others	47/100
6th	Automa 2006, Sao Paulo (Brazil), Funding Raised	Platform for managing renewable energy performance and analysis	-	-	42/100
7th	CVector 2024, United States, Seed	Provider of real-time data platform for energy and industrial applications	$6.5M	Schematic Ventures, Fusion Fund & 2 others	42/100
8th	EA Technology 1966, Capenhurst (United Kingdom), Late Stage	Provider of asset management, diagnostic instruments, skills training, and technical services	-	Summa Equity	42/100
9th	Halcyon 2021, San Diego (United States), Series A	Provider of AI-assisted search and information platform for energy professionals	$31.8M	Obvious Ventures, Congruent Ventures & 4 others	42/100
10th	Kavaken 2022, Newcastle Upon Tyne (United Kingdom), Seed	Provider of AI-powered platform optimizing renewable energy asset management and performance	$1.6M	Re-Pie, Bogazici Ventures & 12 others	41/100