Bidgely, the big data software company that is revolutionizing the way people use and save energy at home, has raised $5 million in new round of funding from Khosla Ventures. This brings their total funding to $8 million till date. The fund will be used to capitalize on strong customer demand and expand the engineering team.

The company has developed ground-breaking analytics that can itemize home energy usage data to the appliance level without using any plug-level monitors. Based in Sunnyvale, the company is a pioneer in the field of energy-disaggregation.

"Most people do not even know they can get an itemized energy bill, so one thing we need to do is educate people. The second and hardest challenge is making energy more fun and interesting," says Abhay Gupta, Founder & CEO, Bidgely.

Bidgely was founded in 2011 by Abhay Gupta and Vivek Garud, who were united by a passion to change the way we think about our home energy consumption and a vision for a low-cost technology that could achieve global impact. Today, Bidgely has presence in the U.S. and Canada and is in the process of expanding into New Zealand, Australia, France and Asia.

For consumers who want a more detailed look at their energy usage, data is also available that breaks down hourly, monthly and annual consumption, spending, real-time demand and average electricity price. "But the idea is that you do not need to get into those details to understand your utility bill and what you can do to lower it," says Gupta. The company is working with utilities with both smart meters and analog meters along with other third parties to bring their solution to consumers.