Etalytics raises €16M to accelerate AI-led energy optimization for industry
German climate-tech company Etalytics has raised €16 million in an extended Series A round, welcoming M12, Microsoft’s venture fund, as a new investor. During this funding round they also received continuous support by Alstin Capital (Carsten Maschmeyer), ebm-papst and BMH.
Founded in 2020 in Darmstadt by Niklas Panten, Thomas Weber and Björn König, Etalytics' goal is to transform complex industrial systems into efficient networks. Its etaONE platform uses artificial intelligence to understand how energy moves through large facilities and continuously optimises its use. etaONE analyses data in real time and is built to adjust operations to identify and eliminate inefficiencies, helping companies cut energy costs and reduce emissions.
The new capital will support Etalytics’ growth in Europe and North America and help advance its work on intelligent energy management for industrial operations.
Founders: Niklas Panten, Thomas Weber, Björn König