Clear Current, an Albuquerque, NM-based AI-powered virtual energy management platform for enterprise businesses, has raised over $4 million in a seed round.
Investors
The oversubscribed round was led by Rho Ignition, with participation from Coreline Ventures, Avesta Fund, and strategic support from Montauk Climate.
Rho Ignition, a division of Rho Capital Partners (“Rho”), focuses on early-stage investments in disruptive and innovative technology markets, with a current emphasis on SaaS, AI, HealthTech, FinTech, and Robotics. Founded in 1981, Rho has invested over $2 billion in more than 300 companies across multiple waves of technological innovation.
Clear Current Use of Funds
The company will use the funds to expand its market presence across the U.S., accelerate product development, and grow its team within New Mexico’s emerging tech ecosystem.
About Clear Current
Founded by John Reuter, Jake Masters, and Eric Hines, Clear Current is a technology company revolutionizing enterprise energy management through its AI-powered virtual energy manager. The platform automates traditionally manual energy analysis, enabling enterprises to optimize procurement, forecasting, consumption, and reporting in real-time. Clear Current AI’s mission is to bring transparency to energy management by allowing organizations to instantly access insights embedded in energy contracts, PPAs, and tariffs—eliminating time-consuming manual processes.
Funding Details
Company: Clear Current, Inc.
Raised: $4.0M
Round: Seed
Funding Date: May 2025
Lead Investor: Rho Ignition
Additional Investors: Coreline Ventures, Avesta Fund, Montauk Climate
Company Website: https://clearcurrent.ai/
Software Category: AI / Energy Management / Enterprise Software
Source: https://www.businesswire.com/news/home/20250527556955/en/