Raptor Maps closes US$ 22m Series B, funds used for hiring and also product development

• Solar software company Raptor Maps has closed a US$ 22 million Series B increase that will be made use of to more create its Raptor Solar software platform, created to allow utility-scale as well as commercial as well as industrial (C&I) solar companies to make better use their data.

The financing will be utilized to accelerate Raptor Solar's hiring strategies together with significant investment in product, software and also data science, the business claimed. Additionally, it will quickly progress its item roadmap with even more capability related to process automation, job orders, investor reporting as well as machine learning.

The Massachusetts-based company said Raptor Solar was a software as a service (SaaS) platform that covers the entire lifecycle of a project, from funding with to operations.

The software "lets utility-scale and C&I solar firms standardise and also analyse data, work together, optimise PV assets, reduce risk as well as ultimately lift monetary return," Raptor said.

The analysis is powered by machine learning as well as a data version developed from over 50GW of solar energy across 40 countries and also Raptor has actually teamed up with Enel Green Power to incorporate expert system as well as drone technology right into the platform.

The software is made use of by the likes of Tesla, SOLV Energy, Rosendin Electric, Cypress Creek Renewables as well as McCarthy, Raptor stated.

It works as an "auditable system of record including modern digital twins of solar assets" as well as customers can check in component identification number to enhance guarantee claims as well as confirm supply chains, Raptor stated.

Moreover, clients can benefit from examination analytics, productivity tools and also ability to evaluate economic loss as well as also benchmark portfolios against Raptor Maps' global database, the business stated, adding that it was created to solve "major growing pains" throughout solar finance, development as well as asset management.

The round was led by Canadian private investment company MacKinnon, Bennett & Co. (MKB), which is experts climate tech. Other investors consist of the Microsoft Climate Innovation Fund, Blue Bear Capital, DNV, Buoyant Ventures, Congruent Ventures, Data Point Capital and also ENGIE New Ventures.

" We're extremely thrilled concerning our investment in the most sophisticated solar analytics as well as understandings platform on the market," states Chanel Damphousse, partner at MKB. "Raptor Maps has several of the most intelligent as well as knowledgeable experts in the solar sector, as well as their item roadmap stands for a strong vision for exactly how data married with productivity tools unlocks value throughout the lifecycle of solar assets."

" To satisfy the world's urgent climate goals, the energy industry requires tools to end up being nimbler and also deploy renewable energy quickly," describes Mark Kroese, general supervisor of sustainability solutions at Microsoft. "Raptor Maps is digitising solar supply chains, deployment and operations, which will aid increase the worldwide transition to cleaner energy solutions."