Ogre AI, the Romanian data science startup specializing in machine learning and artificial intelligence (AI) solutions for the energy sector, announced a €2 million seed funding.
The round was led by EGV, with the participation of London-based VC fund MMC Ventures and international business angels.
Company: SC Ogre Artificial Intelligence SRL
Raised: €2.0M
Round: Seed Round
Funding Month: February 2022
Lead Investors: EGV
Additional Investors: MMC Ventures and international business angels
Company Website: https://www.ogre.ai/
Software Category: Automated B2B platform
About the Company: Ogre AI is an AI platform for energy management that uses machine learning to offer financial and operational decision-making support to energy & utility companies. Ogre AI works with its partners on forecasting generation, consumption, network/grid technical, and commercial losses and anomalies. The team is also on its way to building an innovative price forecast system that will aid with decision-making in grid management and trading. At Ogre, they believe that data science and artificial intelligence are shaping the future of the energy industry.
Source: https://www.romania-insider.com/ogre-ai-seed-round-february-2022