Choice
Offers an AI-powered digital platform that helps utilities reduce non-technical revenue losses due to fraud, theft, and service quality issues.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
* | N/A | Acquisition | |
| Total Funding | 000k | ||
| EUR | 2016 | 2017 | 2018 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Tech is a specialized technology company addressing the global challenge of non-technical revenue losses in the utility sector, such as fraud, theft, and collection inefficiencies. Leveraging advanced artificial intelligence and machine learning, its flagship product—Choice Revenue Intelligence™—enables utilities to accurately predict fraud probability and estimate financial returns on a per-customer basis. The platform is designed to minimize revenue losses with minimal operational impact, supporting utilities in electric, gas, and water sectors.
Since its inception in the early 2000s by a team of data scientists, Choice Tech has established itself as a leader in revenue assurance, particularly in emerging markets. Its solutions have been adopted by utilities serving nearly 100 million customers, executing over two million field inspections and delivering average annual benefits of $40 million USD. Notably, Choice Tech was the first non-SAP software vendor certified to run on SAP HANA for the utilities sector.
Choice Tech’s client portfolio includes major utilities such as Light in Brazil, EPM in Colombia, and Saudi Electricity Company, collectively serving over 180 million people across more than 30 utilities worldwide. Recognized by the Northeast Group as the global leader in revenue protection for utilities, Choice Tech continues to drive digital transformation in customer and workforce experiences through AI, ML, and IoT-powered solutions.
Keywords: revenue assurance, utilities, AI, machine learning, fraud detection, theft analytics, digital transformation, SAP HANA, emerging markets, utility sector, customer experience, workforce experience, non-technical losses, field inspections, global leader