2 years ago

AI Energy Software Startup SMPnet Secures £1.1 Million Seed Funding

  • SMPnet, an energy startup based in the UK, has raised £1.1 million in a seed funding round led by Marathon Venture Capital

  • The company develops AI-powered software to control power grids and manage renewable energy sources

  • The funding will be used to expand their operations in the US and Europe.

      • ProblemTechnology Infrastructure

      "Traditional power grids struggle to cope with the unpredictable nature of renewable energy sources, leading to instability and unreliable energy supply."

      Solution

      "SMPnet's AI-powered software dynamically controls power grids, optimizing energy assets in real-time to ensure a stable and secure energy supply, even with the integration of renewable sources."

      Covered on