Xergy, an Aberdeen, Scottland-based energy technology firm specializing in AI-powered project management software, secured £3.1 million in Series A+ funding.
SaaS Investors
The latest investment round was heavily oversubscribed and was supported by both its existing investment base and a number of new strategic investors. Xergy has raised more than £10.2million from its inception in 2018 to the delivery of this latest Series A+ round.
Xery Use of Funds
The company will use the fresh funds for the expansion of its innovative artificial intelligence (AI) capabilities within its flagship Proteus project management software. Xergy aims to expand its geographical footprint, starting with Australia and a planned expansion into the United States in 2024.
About Xergy
Founded by Colin Manson and James McCallum, Xergy provides a complete work solution for project management through its software platform Proteus, a feature-rich project management tool that meets the demands of complex projects, global teams, and ambitious targets. The company delivers an end-to-end project management software platform with detailed workflows from the early opportunity stage through to project delivery, compliant with common project management frameworks and ISO standards.
Funding Details
Company: Xergy Group Ltd.
Raised: £3.1M
Round: Series A+
Funding Month: February 2024
Lead Investors: Undisclosed
Additional Investors:
Company Website: https://xergy.com/
Software Category: Project Management
Source: https://www.ogv.energy/news-item/xergy-secures-additional-investment-to-boost-proteus-project-management-software-expansion https://bnnbreaking.com/tech/xergy-secures-31m-for-ai-driven-project-management-expansion-into-global-markets