Ferntech GmbH, a Berlin, Germany-based provider of a microgrid monitoring and control platform, raised a seed funding round of undisclosed amount.
Factor[e] Ventures made the investment.
The company intends to use the funds to accelerate the development of its platform.
Led by Patrick Cousins, CEO, Ferntech provides a technology platform that allows microgrid developers to connect components from any manufacturer, monitor a fleet of systems from a single dashboard, and add smart behavior to their grids with visual programming tools.
The platform securely centralizes component data onto a single, web-based dashboard. System operators can view the status of their grids and take actions that improve performance and stability. Operators can change parameters of connected hardware, create their own control algorithms using the visual programming tool, or apply pre-loaded optimizations.