Raycatch Ltd., a Tel Aviv, Israel-based provider of AI technology that enhances existing solar plant energy yield, secured a Series B financing round.
The round – of undisclosed amount – was led by DSM Venturing, the venturing arm of Royal DSM, and BayWa r.e. Energy Ventures, with participation from Rio Ventures and existing shareholders Maverick ventures Israel.
Led by Haggai Hofland, CEO and Founder, Raycatch automates decision-making processes associated with photovoltaic PV solar asset ownership and management. The company’s SaaS platform uses AI methodologies to provide solar plant owners with actionable insights to increase energy yield, reduce capital expenditures and maximize asset’s profitability.
Raycatch provides remote automatic detection and performance mapping for Solar PV (photovoltaic) projects of all sizes and designations (commercial, industrial, utilities).