Tyba, an Oakland, CA-based modeling platform for developing, financing, and operating solar and storage projects, raised $2.25m in seed funding.
The round was co-led by Powerhouse Ventures andWireframe Ventures, with participation from Lorimer Ventures, MKT1 Capital, and Virta Ventures.
The company intends to use the funds to continue to expand operations and its development efforts.
Led by Michael Baker, CEO, Tyler Nisonoff, CTO, and Tom Thunell, COO, Tyba provides an accessible modeling platform that simplifies and unifies project modeling applications, adding value during both development and operations. Leading community and utility-scale solar and storage firms are currently using its models to determine solar production and energy storage dispatch, leverage wholesale market price data (historical and forecasted) to inform optimal dispatch and project valuation, and generate risk-adjusted bids for physical power delivery. For each, the company uses the best models available, whether that is AI/ML for price forecasting, cutting-edge physical models for energy production, or tried and true linear optimizers.
FinSMEs
26/01/2023