Amperon Holdings, a Houston, TX-based company which specializes in AI-powered electricity forecasts, raised $20M in Series B funding.
The round, which brought the total amount to $30M, was led by Energize Capital. Other participants included the D. E. Shaw group, Veriten, and existing investor, HSBC Asset Management, Ørsted and another strategic utility partner. In conjunction with the funding, Energize Capital Partner Tyler Lancaster joined the Amperon board of directors.
The company intends to use the funds to hire more engineers, data scientists, customer support, and sales roles as the company expands into new markets.
Led by CEO Sean Kelly, Ampereon provides AI-powered electricity analytics solutions for energy market participants to make informed decisions, optimize energy utilization, and work toward a more sustainable grid. Its expertise in granular data management further enables companies to measure the carbon footprint of their hourly electricity usage, optimize load and lower-carbon power resources, and integrate carbon into industry business models – accelerating decarbonization on both the supply and demand side.
Since 2021, the company grew revenue by 5x, headcount has grown by 4x over the same period.
FinSMEs
03/10/2023