TLDR:
– Ogre AI, a London-based energy tech startup, raised €3 million in funding
– VERBUND X Ventures led the investment round with other well-known partners participating
Ogre AI, a Romanian-British energy tech startup focused on data science, recently secured €3 million in a new investment round. The funding was led by VERBUND X Ventures, with other notable investors such as Early Game Ventures, Soulmates Ventures, MMC VC Fund, and Sofia Angels Ventures also participating. The CEO of VERBUND, Michael Strugl, expressed excitement about the investment and the potential for Ogre AI’s technology to enhance the energy industry. The collaboration aims to improve predictions of energy generation and consumption, ultimately supporting the transition to a more sustainable energy system.
Ogre AI specializes in AI-based forecasting solutions for the energy sector, with a focus on optimizing grid efficiency and sustainability. The company’s flagship product, the Ogre forecasting system, utilizes advanced ML pipelines and algorithms to predict energy generation and demand patterns, particularly from renewable sources like solar and wind power. The partnership with VERBUND began through the VERBUND X Accelerator program, where Ogre AI showcased its innovative capabilities.
The funding will enable Ogre AI to expand its technological capabilities and strengthen its market presence. The company’s innovative solutions for predicting volatile renewable energies and demand patterns position it as a valuable partner in the energy industry. With the support of VERBUND X Ventures and other investors, Ogre AI is poised to drive significant advancements in grid efficiency and contribute to the global transition towards renewable energy.
