etalytics Raises €8 Million in Funding
etalytics, a Darmstadt, Germany-based provider of AI-driven energy management solutions, has raised €8 million in funding.
etalytics, a Darmstadt, Germany-based provider of AI-driven energy management solutions, has raised €8 million in funding.
Investors
The round was led by Alstin Capital, with participatio from ebm-papst and TF H IV Technologiefonds Hessen GmbH & Co. KG.
Founded in 2011, Alstin Capital is a venture capital fund based in Munich, Germany, focused on B2B software. The firm invests in fast-growing Seed and Series A B2B software companies across Europe.
etalytics Use of Funds
The funding will support the expansion of etalytics' AI-powered energy management solutions, accelerate product development, and strengthen its global market presence.
About etalytics
Founded in 2020 by Dr. Ing. Thomas Weber, Dr. Niklas Panten, and Björn König, as a spin-off from Technical University Darmstadt, etalytics specializes in optimizing energy consumption through AI technology. Its flagship product, etaONE, provides real-time insights and predictive analytics for industries such as data centers, chemicals, pharmaceuticals, and automotive. Notable clients include Equinix, Digital Realty, NTT Data, and Volkswagen.
Funding Details
Company: etalytics GmbH
Raised: €8.0M
Round: Undisclosed
Funding Date: November 2024
Lead Investor: Alstin Capital
Additional Investors: ebm-papst, TF H IV Technologiefonds Hessen GmbH & Co. KG
Company Website: https://etalytics.com/
Software Category: AI Energy Management
