Vortexa, a London, UK-based energy intelligence provider that combines Artificial Intelligence and deep industry expertise, raised $5m in Series A funding.
The round, which brought total amount raised by the business to date to $10m, was led by Notion Capital with participation from Mosaic Ventures. In conjunction with the funding, Patrick Norris of Notion Capital has joined the Vortexa board.
The company intends to use the funds to continue its global expansion and scale its proprietary AI technology.
Founded by Fabio Kuhn, former Head of Trading Technology and Analytics at BP, who serves as CEO, and Etienne Amic, former Head of European Energy at JP Morgan and Mercuria, who acts as Chairman, Vortexa uses algorithms and energy sector expertise to provide real-time energy trading intelligence. The system processes data on a massive scale, combining sources including multiple satellite constellations and industry datasets to show global energy flows at scale.
The company has a team of 30 located in London and Singapore with a Houston office expected to open in 2019.