Amperon Holdings, Inc., a Houston, TX-based leader in AI-powered grid forecasts, today announced $7 million in Series A funding, bringing Amperon's total funding to $10 million.
The round was led by HSBC Asset Management (NYSE: HSBC), out of its new Climate Tech Venture Capital Fund. Other participants in the round included Riverstone Holdings, Muus Asset Management, Climate Capital, and Kiran Bhatraju, CEO of Arcadia.
Already active throughout the US, Canada, and Australia, Amperon will be using this funding to bring its AI-enabled, electricity demand analytics to new markets in Europe and Asia.
Also broaden their customer base to utilities, virtual power plants, commercial and industrial customers, and grid operators who are in desperate need of innovation in the face of increasingly volatile energy supply and changing demand patterns.
Company: AMPERON HOLDINGS, INC.
Round: Series A
Funding Month: May 2022
Lead Investors: HSBC Asset Management
Additional Investors: Riverstone Holdings, Muus Asset Management, Climate Capital, and Kiran Bhatraju
Company Website: https://amperon.co/
Software Category: Grid Forecasts
About the Company: Founded in 2018 by a seasoned data engineer and a veteran energy trader, Amperon Holdings, Inc. is a technology company based out of Houston that builds AI-powered electricity analytics for energy market participants. Amperon serves electricity retailers, energy traders, grid operators, and utilities worldwide. Its mission is to bring AI to global grids in the service of grid reliability, risk management, and sustainability. Proven to have the most accurate demand forecasts in the industry, Amperon is a critical tool for electricity market participants to address the growing issues of grid reliability and sustainability.