Verse, a San Francisco, CA-based provider of a software platform that uses generative AI to allow organizations to buy and manage clean power, raised $5.75M in Seed funding.
The round was led by Coatue with participation from Twine Ventures, MCJ Collective, firstminute capital, Collaborative Fund, Future Positive, and Incite.org, among others.
The company intends to use the funds to expand operations and its business reach.
Founded by Seyed Madaeni and Matt Penfold, Verse provides a software platform that leverages generative AI to allow organizations to define their clean power goals, design and procure a portfolio of clean energy assets, manage those assets, and report on portfolio performance.
The company has also signed a customer agreement with Climeworks, a company offering high-quality carbon removal services via direct air capture (DAC) technology. Partnering with Verse will allow Climeworks to design and procure future-proofed, risk-optimized portfolios of clean energy assets to power their CO2 removal operations.
FinSMEs
19/07/2023