enSights, an Austin, Texas-based AI-powered clean energy optimization platform, has raised $10 million in Series A funding.
Investors
The round was co-led by JAL Ventures and XT VC, with participation from the Menomadin Foundation.
Founded in 2004, JAL Ventures is a venture capital firm based in Herzliya, Israel. It invests in technology solutions aimed at the B2B and enterprise markets, with a focus on software, e-commerce, internet, and communication companies.
XT VC is a venture capital firm based in Sydney, Australia, specializing in investments in the sports, fitness, wellness, and health sectors. Founded in 2021, the firm invests between $500K and $3M in initial funding rounds, with the capacity to follow on through multiple rounds.
enSights Use of Funds
The funds will support the company's expansion into the US market, including establishing local headquarters and hiring key industry professionals.
About enSights
Founded in 2021 by Alon Mashkovich, Roy Fadida, and Dekel Yaacov, enSights is an innovative SaaS technology company offering an AI-powered, cloud-based optimization platform and battery calculator. Its full-stack platform aggregates, monitors, and manages clean energy assets, empowering renewable energy stakeholders to optimize business, financial, and energy performance. With a global footprint, enSights platform manages over 6,000 C&I and utility-scale clean energy assets across four continents.
Funding Details
Company: enSights
Raised: $10.0M
Round: Series A
Funding Date: December 2024
Lead Investors: JAL Ventures, XT VC
Additional Investors: Menomadin Foundation
Company Website: http://ensights.ai/
Software Category: Clean Energy Optimization
Source: https://www.prnewswire.com/news-releases/ensights-raises-10m-to-scale-its-ai-powered-clean-energy-optimization-business-302321208.html