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Verdagy

Moss Landing, US · Founded 2021 · Delaware corporation · 48 employees on LinkedIn · 9 known investors

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Verdagy develops water electrolysis systems for producing zero carbon intensity green hydrogen, using a patented single-cell architecture that pairs in real time with variable renewable energy sources. Its electrolyzers target industrial hydrogen users in chemicals, oil & gas, e-fuels, mobility, and steel, aiming for low levelized cost of hydrogen without subsidies.

Founders & leadership

Verdagy was founded in 2021 by Ryan Gilliam.

RGRyan Gilliam
Ryan GilliamFounder and Board of DirectorsFounder at Fortera
MNMarty Neese
Marty NeeseChief Executive Officer2021–2025Marty Neese is the former CEO of Verdagy, which develops water electrolysis systems for green hydrogen production using patented single-cell architecture. He previously served as chief operating officer of SunPower from 2008 to 2017, overseeing research and development, manufacturing, and supply chain operations, and is a co-founder of Circmet, a metal recycling company; he holds a degree from the United States Military Academy at West Point and an MBA from the University of Florida.
RBRahul Bammi
Rahul BammiChief Executive OfficerRahul Bammi is a CEO with over two decades of experience in scaling global technology and clean energy companies. He previously held leadership roles at KLA (semiconductors), a LED manufacturer (which he scaled to $1.4B in revenues), and View (smart glass, scaled to $150M), and has led multiple capital raises and a NASDAQ IPO; he now leads Verdagy.

Board

RSRajesh Swaminathan
Rajesh SwaminathanBoard directorInvestor at Khosla Ventures
AAAnil Achyuta
Anil AchyutaInvestor and Board Member2022–2025Investment Managing Director at TDK Ventures

Investors · 9

Reported raises · per SEC filings

Form D private placements

$47.7M disclosed across 2 rounds · 2021–2023

▶$28.7MraisedAug 2023 · 9 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Anil AchyutaDirector
  • Ryan GilliamDirector
  • Marty NeeseExecutive Officer, Director, Promoter
  • Eric OlsenDirector
  • Rajesh SwaminathanDirector
  • Vikas GuptaDirector
Offering amount
$35.5M
Amount sold
$28.7M
First sale
Apr 2023
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$19MraisedApr 2022 · 6 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Rajesh SwaminathanDirector
  • Anil AchyutaDirector
  • Marty NeeseExecutive Officer, Director, Promoter
  • Ryan GilliamDirector
Offering amount
$19M
Amount sold
$19M
First sale
Dec 2021
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Related companies · 2

Companies working in the same space as Verdagy.

In the news

Frequently asked questions

What does Verdagy do?
Verdagy develops water electrolysis systems for producing zero carbon intensity green hydrogen, using a patented single-cell architecture that pairs in real time with variable renewable energy sources. Its electrolyzers target industrial hydrogen users in chemicals, oil & gas, e-fuels, mobility, and steel, aiming for low levelized cost of hydrogen without subsidies.
Who founded Verdagy?
Verdagy was founded by Ryan Gilliam in 2021.
Who are Verdagy's investors?
Verdagy's investors include Orbia Ventures, TDK Ventures, TGVP, Yara Growth Ventures, BHP Ventures, Energy Impact Partners, Khosla Ventures, Shell Ventures and 1 more.
How much funding has Verdagy raised?
Verdagy has disclosed $47.7M raised across 2 rounds.
Where is Verdagy headquartered?
Verdagy is headquartered in Moss Landing, US.