Optimitive, a Vitoria, Spain-based high-tech big data company providing energy saving and efficiency services to process industries, received an equity investment from Enzen Global, an energy, water and environmental solutions company.
The amount of the deal was not disclosed.
The company intends to use the funds to extend its outreach across four continents.
Incorporated in 2008 by Javier A. García, Founder & CEO, Optimitive provides the OPTIBAT energy saver, a dynamic and real-time optimization solution which connects to the industrial process control systems and makes adjustments in reaction to changing conditions such as raw material being used, atmosphere or production rate, etc. to achieve the maximum possible energy efficiency without sacrificing output or quality.
In 2013, the company graduated from the SURGE Accelerator program receiving series A funding from GGM Venture Capital.