Etalytics Secures €8M to Drive AI-Powered Energy Efficiency

Image source: etalytics

Published on November 26, 2024

Darmstadt-based etalytics, a specialist in AI-driven energy intelligence, has raised €8M in a Series A funding round led by Alstin Capital, with participation from ebm-papst and TF H IV Technologiefonds Hessen GmbH & Co. KG.

The funds will accelerate the adoption of sustainable energy solutions across key industries like data centres, automotive, and healthcare, while enhancing etalytics’ flagship product, etaONE, which combines AI and digital twin technology for real-time energy optimisation.

A partnership with ebm-papst will further integrate AI systems with energy-efficient technologies to reduce greenhouse gas emissions.

Founded in 2020, etalytics aims to boost its annual recurring revenue tenfold over two years, with notable clients like Equinix and Volkswagen already achieving up to 50% reductions in energy consumption for critical systems.

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