Splight Secures $12M Seed Funding for AI-Driven Grid Operations
Splight is pioneering solutions in grid management that are vital for the transition to a sustainable energy future.
Company Name: Splight
Location: San Francisco, CA
Sector: AI, Energy Grid Technology
Funding Details: Raised $12 million in Seed funding from noa (formerly A/O), EDP Ventures, Elewit, Draper Cygnus, Draper B1, Ascent Energy Ventures, Fen Ventures, Reaction Global, Barn Investments, and the UC Berkeley Foundation.
Purpose of Investment: To expand presence in North America and the EU, and to support the growth of its development, implementation, and leadership teams.
Leadership: Co-founded by Thomas Vadora, Fernando Llaver, and Carlos Caldart.
Product and Innovation: Splight specializes in advanced AI technologies for grid operations, focusing on using inverter-based resources (IBRs) to tackle grid congestion. This technology helps reduce curtailment and accelerates the connection of utility-scale renewable power plants, along with the deployment of distributed energy resources (DERs) and batteries.
Company Growth: Splight addresses a critical need in the energy sector by enhancing grid efficiency and facilitating the integration of renewable energy, reflecting a significant step towards achieving global clean energy goals.
About the Company: Splight is pioneering solutions in grid management that are vital for the transition to a sustainable energy future. Their innovative approach to using AI in grid operations aims to solve complex challenges related to energy distribution and consumption.
Future Plans: With this funding, Splight plans to broaden its technological impact and market reach, enhancing its ability to support the energy sector's evolving needs as it transitions to more sustainable operations.