TLDR:
- Splight, an AI startup in San Francisco, raised $12M in Seed funding.
- The funding round was led by noa and EDP Ventures, among others, to expand its presence and grow its teams.
Article Summary:
Splight, a San Francisco-based AI startup focusing on grid operations technologies, secured $12 million in Seed funding. The funding round was led by noa (formerly A/O) and included participation from EDP Ventures, Elewit, Draper Cygnus, Draper B1, Ascent Energy Ventures, Fen Ventures, Reaction Global, Barn Investments, and the UC Berkeley Foundation, as well as other investors. The company plans to use the funds to expand its presence in North America and the EU, as well as further develop its teams and technology.
Founded by Thomas Vadora, Fernando Llaver, and Carlos Caldart, Splight aims to address the global challenge of clean energy at scale through AI-based technology for advanced grid operations. The company focuses on reducing congestion using inverter-based resources (IBRs), which ultimately leads to decreased curtailment, faster connection of utility-scale renewable power plants, and more efficient deployment of distributed energy resources (DERs) and batteries.
This funding round is crucial for Splight as it allows them to expand their reach and continue making strides in the clean energy sector, emphasizing the importance of advanced grid technologies in the transition to sustainable energy systems.
