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Venture Capital News: Amperon Pulls In $20M Series B Financing

2023-10-03
HOUSTON, TX, Amperon Holdings, the leader in AI-powered electricity forecasts, raised $20 million in Series B funding led by Energize Capital.
Other participants in this round include the D. E. Shaw group, Veriten, and existing investor, HSBC Asset Management. Two long-time Amperon customers, Ørsted and another strategic utility partner, also joined the round. The funding will propel Amperon's evolution from an electricity demand forecasting platform to a comprehensive data analytics solution, enabling businesses to navigate the energy complex and accelerate grid decarbonization. This brings Amperon's total funding to $30 million.

Amperon is a technology company based in Houston that builds AI-powered electricity analytics for energy market participants. Founded in 2018, Amperon empowers businesses to make informed decisions, optimize energy utilization, and work toward a more sustainable grid. With a commitment to innovation and sustainability, Amperon is the forecasting company of the energy transition.
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