Category Visionaries Dan Forman, CEO and Co-Founder of Copper Labs: $13 Million Raised to Enable the Data-Driven Utility of the Future
Jan 5, 2024
37:03
Welcome to another episode of Category Visionaries — the show that explores GTM stories from tech's most innovative B2B founders. In today's episode, we're speaking with Dan Forman, CEO & Co-Founder of Copper Labs, an energy technology company that's raised $13 Million in funding.
Here are the most interesting points from our conversation:
- Early AI Ventures: Dan's journey began in 2001 with an AI company aimed at creating adaptive desktop agents for a programmer with a degenerative health issue, highlighting his long-standing interest in solving real-world problems with technology.
- Utility Data Innovation: Copper Labs enables real-time data insights for energy and water utilities, transforming outdated systems that rely on monthly data to provide immediate visibility and control, crucial for modern grid management.
- Marketing Strategy: The company employs a "respectfully provocative" approach, challenging traditional smart grid solutions and advocating for more efficient, real-time data utilization to address modern energy needs.
- Regulatory Engagement: Copper Labs actively engages with regulators to promote their cost-effective and innovative solutions, emphasizing the importance of regulatory influence in utility market dynamics.
- Overcoming Market Resistance: The company faces significant pushback from established meter vendors but leverages their unique, cost-effective solutions to shift the narrative and drive market adoption.
- Strategic Partnerships: Building relationships with key utilities and demonstrating tangible success through case studies, such as with National Grid, has been essential for scaling and gaining market credibility.
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