ACCURE, an Aachen, Germany-based software- and AI-driven battery analytics company, raised $8 million in Series A funding.
The round was led by Blue Bear Capital, existing investors Capnamic Ventures, and 42CAP also participated.
Company: ACCURE Battery Intelligence GmbH
Round: Series A
Funding Month: September 2021
Lead Investors: Blue Bear Capital
Additional Investors: Capnamic Ventures and 42CAP
Company Website: www.accure.net
Software Category: AI-driven battery analytics
About the Company: ACCURE was founded in 2020 by Dr. Kai-Philipp Kairies, Dr. Georg Angenendt, and Dr. Johannes Palmer. The three founders have been researching battery technology and developing simulations since 2009 at RWTH Aachen, one of the leading battery research hotspots in Europe. ACCURE's customers include some of the largest providers of home storage units in Europe and a leading German utility. ACCURE Battery Intelligence emerged from the largest European research group for battery systems at RWTH Aachen University. ACCURE combines cutting-edge research with a practical understanding of the industry's challenges to deploy, operate and recycle batteries safely and effectively. Today, almost 40 battery experts and data scientists collaborate through ACCURE's platform to support companies worldwide in making batteries safe, reliable, and sustainable.