Singularity Energy, a New York-based most intelligent grid decarbonization platform built on top of a transparent, closed a $4.5 million seed funding.
The round was led by Spero Ventures and Energy Impact Partners and joined by existing investors, including Third Sphere, J Ventures, and other individual investors.
Singularity expects to use these funds to expand its product and technology roadmap, improve customer success, develop partnerships with key stakeholders, and continue to attract top talent.
In addition to the Seed funding round, Singularity has received $1.2 million in grants from the National Science Foundation’s (NSF).
As part of the round, Marc Tarpening, Tesla co-founder and partner at Spero Ventures, will join the company’s board of directors.
Company: Singularity Energy, Inc.
Round: Seed Round
Funding Month: May 2022
Lead Investors: Spero Ventures and Energy Impact Partners
Additional Investors: Third Sphere and J Ventures
Company Website: https://singularity.energy/
Software Category: Grid Decarbonization Platform
About the Company: Founded in 2018, Singularity Energy is the most intelligent grid decarbonization platform built by experienced power systems and software experts from Harvard, MIT, and Johns Hopkins. Singularity’s platform provides high-quality, time and location-based grid emissions data, and a suite of innovative products such as developer APIs, and intelligent tools for grid operators, utilities, companies, and service providers to build data-driven decarbonization solutions. Singularity Energy is a winner of the Harvard Physical Science & Engineering Accelerator, the Greentown Labs Bold Idea Challenge in partnership with Schneider Electric, the National Science Foundation Small Business Innovation Research Grant, and a URBAN-X company.