Camus Energy, a San Francisco, CA-based provider of a grid orchestration platform, raised $10M in Series A extension.
The round, which brought the total round amount to $26M, was led by Congruent Ventures and Wave Capital, with participation from Align Impact, Remarkable Ventures Climate fund (RVC), and Groundswell Ventures, alongside Congruent and Wave’s Limited Partners.
The company intends to use the funds to expand its nationwide customer base, continue to invest in product R&D, and further develop its partner ecosystem to accelerate the transition to a zero-carbon grid.
Led by CEO Astrid Atkinson, Camus is accelerating society-wide electrification through its grid orchestration platform, which enables electric utility operators and planners to harness the latent flexibility of electrified devices including EVs, batteries, solar inverters and smart thermostats, to actively manage distribution grid capacity, avoiding expensive equipment upgrades and improving reliability.
Leading utilities, such as Duquesne Light Company, Vermont Electric Cooperative, Kit Carson Electric Cooperative, and La Plata Electric Association, use Camus’ software platform to manage the impacts of electrification and increase the amount of new demand that can be sustainably served with existing infrastructure.
Commenting on the news, Astrid Atkinson said: “Utilities are actively seeking out grid orchestration capabilities to integrate new sources of generation and demand. It’s our job to make that transition as smooth and efficient as possible. This investment allows us to continue to expand our industry-leading collaborations with forward-thinking utilities, delivering a repeatable, data-driven approach to help utilities adapt to the challenges and opportunities within their communities.”
FinSMEs
13/02/2024