About Gridmatic
Gridmatic uses artificial intelligence to improve the performance and profitability of renewable energy assets. It serves renewable energy generators by predicting energy prices and managing risks, while helping storage operators optimize revenue and minimize non-performance risks. For consumers, Gridmatic aims to lower energy costs and support renewable energy procurement. The company stands out by combining advanced algorithms with market expertise to modernize energy markets and contribute to decarbonization.
Cupertino, CaliforniaHeadquarters
2020Year Founded
$5.8MTotal Funding
EARLY_VCCompany Stage
Energy, AI & Machine LearningIndustries
11-50Employees
Benefits
Hybrid Work Options
Flexible Work Hours
Risks
Increased competition from AI-driven energy optimization companies may erode market share.
Regulatory changes in Texas could impact operations as a Retail Electric Provider.
Cybersecurity threats to AI systems pose risks to data integrity and reliability.
Differentiation
Gridmatic uses AI to optimize renewable energy asset performance and profitability.
The company offers tolling, offtake, and supply contracts for clean energy assets.
Gridmatic is a licensed Retail Electric Provider in Texas, enhancing market credibility.
Upsides
Increased interest in AI-driven energy solutions boosts partnerships with energy providers.
The Inflation Reduction Act offers tax incentives, enhancing Gridmatic's financial attractiveness.
Advancements in battery technology improve storage efficiency, aligning with Gridmatic's focus.
Funding
Total raised$5.84 M
Latest valuation$30.00 M
StageEARLY_VC
EARLY VC
7/31/2021$6
$30.00 M