Mark Chung | Co-Founder and CEO of Verdigris

2024-04-27
Because buildings run on guesswork, and energy analysis is hard, there is so much waste. While buildings themselves and the complexity of their electrical load have significantly changed over the past two decades, the tools and processes to manage them haven't evolved to keep up.

Verdigris has developed advanced sensor technology that can be quickly and easily installed into any building’s electrical panels to get granular data down to the circuit level. Their proprietary AI algorithms enrich the data streams, and analytics reveal clear actions to take to increase the efficiency and reliability of the electrically-run equipment in the building. Adaptive automation takes those insights one step further, saving money effortlessly.

In today’s episode, I’m joined by Mark Chung, Co-Founder and CEO of Verdigris. Mark is a seasoned engineer with more than 25 years of experience. In his career, Mark has served as principal engineer at a number of famed Silicon Valley startups including NexGen, Pasemi, RMI, and NetLogic. Mark has also co-developed some of the world’s most successful chips such as Opteron, XLP, and A7, among others. Mark is an advisor to several startups and was recognized as one of the “40 under 40” in 2017 by Silicon Valley Business Journal. Mark holds BS and MS degrees in Electrical Engineering from Stanford University.

Show Notes:

[1:13] - Mark shares the inspiration for founding Verdigris and the mission behind his work.
[2:48] - Verdigris is a leader in AI based energy management. Mark explains what that means and what sets the company apart.
[4:19] - Verdigris has the most sophisticated enterprise quality tools.
[5:41] - Algorithms improve as you provide more and more data. This led Verdigris, in the early days, to race to this network effect more quickly.
[8:22] - One of the biggest challenges a business faces is managing the reliability of their electrical data and making sure it is reliable, accessible, and accurate.
[10:32] - Mark explains the trend around data centers and cryptocurrency driving demand.
[12:42] - There’s a growing awareness around two particular things that make huge differences on carbon impact.
[14:30] - We’re starting to see the benefit of scaled data and transforming an environment.
[15:51] - We need to grow the capability of business processes and electricity footprint in a way that becomes carbon-neutral.
[17:40] - Mark discusses some of the valuable lessons he learned from his time as an engineer that he was able to take with him as an entrepreneur in this space.

Links and Resources:

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