Ogre AI Raises €3 Million in Funding
Ogre AI, a Bucharest, Romania-based startup specializing in AI-driven energy forecasting, has raised €3 million in a funding round.
Ogre AI, a Bucharest, Romania-based startup specializing in AI-driven energy forecasting, has raised €3 million in a funding round.
Investors
The round was led by VERBUND X Ventures, with participation from Early Game Ventures, Soulmates Ventures, MMC VC Fund, and Sofia Angels Ventures.
VERBUND X Ventures is the corporate venture capital arm of Austria's main electricity supplier, VERBUND. The firm invests in early-stage companies operating in the renewable energy sector across Europe.
Ogre AI Use of Funds
The funding will help Ogre AI expand its technology and market presence.
About Ogre AI
Ogre AI provides artificial intelligence (AI) solutions for the energy sector. The company focuses on developing advanced forecasting tools to predict energy generation and demand. Its flagship product, the Ogre forecasting system, uses machine learning algorithms to manage the variability of renewable energy sources such as solar and wind power, as well as fluctuations in energy demand.
Funding Details
Company: Ogre Artificial Intelligence S.R.L
Raised: €3.0M
Round: Unknown
Funding Date: September 2024
Lead Investors: VERBUND X Ventures
Additional Investors: Early Game Ventures, Soulmates Ventures, MMC VC Fund, Sofia Angels Ventures
Company Website: https://ogre.ai/
Software Category: AI Energy Forecasting
