TrueMeter, the first AI-powered platform to automate energy savings for multi-location businesses, announced $4 million in seed funding to expand its AI-powered energy savings platform. The round was led by Ulu Ventures with participation from Pear VC, e2.vc, RiverPark Ventures, Flex Capital, Sarah Smith Fund, Cyan Ventures, Costanoa, Sand Hill Angels, and other investors, bringing total funding to $5.5+ million as the company addresses the $500B+ market for commercial energy bills.

The company, which serves brick-and-mortar businesses including Yoshinoya, Fresh Direct, Studio, Misfits Markets and Local Kitchens, has already delivered $3M+ in savings.