Terabase, a Berkeley, CA-based provider of digital and automation solutions for utility-scale solar power, raised $130M in Series C funding.
The round was led by SoftBank Vision Fund 2, with participation from both existing and new strategic investors.
The company intends to use the funds to accelerate the deployment of its technologies for large solar projects.
Led by CEO Matt Campbell, Terabase Energy improves the digitalization and automation of utility-scale solar power plants. Its platform, combining AI, software, automation, SCADA, and plant controls, delivers efficient, and cost-effective renewable energy projects worldwide.
Terabase’s platform combines robotics, AI, and a comprehensive digital ecosystem. The funding will in large part support the manufacturing scale-up of its robotics-assisted assembly line, Terafab™. Having already demonstrated its effectiveness by installing 40 megawatts across multiple commercial projects in the U.S., the next-generation Terafab is set to deploy hundreds of megawatts of solar through 2026.
Investors to date include SoftBank Vision Fund 2, Breakthrough Energy Ventures, Prelude Ventures, Fifth Wall, SJF Ventures, and EDP Ventures.
FinSMEs
13/03/2025