Enervalis, a Houthalen-Helchteren, Belgium-based energy software developer, raised €4.2m in funding.
Backers included LRM, Nuhma and ABB, which are each investing €1.4m in the company.
The company will use the capital to fund continued research into its platform and to drive its international growth.
Led by CEO Stefan Lodeweyckx, Enervalis provides an IT platform to monitor all available energy sources and energy users, predict future demand and energy supply based on weather forecasts, input from users, self-learning algorithms (AI) and big data. Drawing on the combined elements above, it then checks the flexibility of energy in the system in order to comply with user needs and wishes. For example, the IT platform allows users to postpone charging their electric vehicles until a time when sufficient renewable energy is available. The platform will also allow technical devices in private homes, hotels or office buildings to be controlled more efficiently.