inBalance
inBalance, based in Cambridge, MA, utilizes machine learning to provide accurate electricity price forecasts, enhancing revenue for energy sectors like storage and EV charging.
Overview of inBalance
inBalance, previously known as InBalance, is an industrials company specializing in the energy sector. With a team of ten, the company is headquartered in Cambridge, MA, USA and offers remote work options. Launched in March 2021, inBalance participated in the Y-Combinator W21 batch and has since been acquired. The company's operations are fully remote, serving customers across the United States and Canada.
Services Offered by inBalance
inBalance leverages machine learning to provide accurate electricity price forecasts. Their software service targets the energy storage and electric vehicle (EV) charging sectors, enabling clients to improve revenue by millions of dollars every year. The company's live customers include major energy firms such as Enel.
Industry and Sub-industry Focus
inBalance operates within the Industrials industry, with a specific focus on the energy sub-sector. Their innovative use of machine learning for electricity price forecasting positions them as a key player in the energy market. This specialization allows the company to offer highly targeted solutions for energy storage and electric vehicle charging needs.
Y Combinator Participation
inBalance was part of the Y Combinator Winter 2021 (W21) batch. Participation in this prestigious accelerator program provided the company with essential mentorship, resources, and networking opportunities, which significantly contributed to its successful market entry and subsequent growth.
Remote Work and Global Reach
Headquartered in Cambridge, MA, inBalance operates with a fully remote model. This allows the company to attract talent beyond its physical location and serve a broader client base. Currently, inBalance serves regions across the United States and Canada, ensuring its services are accessible across different geographical locations.