VIENNA, October 10, 2023 /PRNewswire/ -- raicoon, a climate technology company and global leader in autonomous solar operations, proudly announces a €4 million seed funding round to enter new markets, enhance its products and expand the team.
Leading climate, technology and impact funds such as PUSH VC, Voltares and a private family office contributed to this strategic funding round. This financial boost not only reaffirms the industry's confidence in raicoon's vision, but also marks the beginning of an exciting phase of innovation and global expansion.
About raicoon
Raicoon's Autonomous Operations Center (AOC) revolutionizes solar photovoltaic (PV) operations with innovative AI technology. The cloud-based B2B SaaS platform increases energy yields by approximately 6% and reduces Operational Expense (OPEX) by 30-50%, allowing solar plants to operate more efficiently and profitably.
Raicoon's industry-leading commitment to 100% fault detection and zero false alarms is backed by global insurance giant Munich Re.
The funds will be used to:
Software Updates: Enhance the AI and ML capabilities that define raicoon AOC.
Self-Management SaaS: A new self-management portal designed to democratize access to autonomous energy management.
Global Reach: Deepen presence in the US and APAC, supported by a new entity in the US and a subsidiary in APAC.
Team Expansion: Improve customer support, establish a global commercial organization and enhance software development.
Ralf Tschanun, CEO and co-founder of raicoon, said:
"This seed funding marks a significant milestone for both raicoon and the broader renewable energy sector. We are moving beyond manual inefficiencies and reframing the operating model with the power of autonomy."
Laurenz Simbruner, Founding Partner of PUSH VC, said:
"Raicoon's pioneering spirit and technology resonate with PUSH VC's values. We are confident that its AI-driven approach will redefine renewable energy."
Cornelius Patt, CEO and Founder of Voltares, said:
"At Voltares, we are deeply committed to supporting initiatives that have a real impact on our planet. Raicoon's emphasis on rescuing valuable renewable energy from being wasted resonates deeply with us."
Discover the revolutionary potential of raicoon AOC for your solar assets by scheduling a demo at raicoon.com.
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Press Contact:Fiona AmannCMO
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