Kevala, a San Francisco CA-based energy data and analytics company, raised $21M in Series A funding.
The round was led by C5 Impact Partners LP and Thin Line Capital with participation from Tom Werner, current Chairman and former CEO of Sunpower Corp., and Mark Ferron, former California Public Utilities Commissioner.
The company intends to use the funds to expand its business reach to accelerate decarbonization and improve the security of U.S. electric grid.
Founded in 2014 by CEO Aram Shumavon, Kevala provides a comprehensive and interactive cloud-based grid analytics toolbox – the Kevala Assessor Platform – powered by public utility data as well as proprietary data to allow a diverse range of energy industry stakeholders to make smarter decisions involving sustainability, resiliency, and cybersecurity.
The Assessor platform allows clients to process grid data, map carbon intensity of different energy sources, identify new locations for solar farms and electric vehicle charging stations, assess vulnerabilities in critical public infrastructure, pinpoint opportunities to sustainably improve clean energy access in underserved communities, and more.
The company partners witn utilities, regulators, renewable energy producers and electric vehicle manufacturers.