Tem raises $75 M to automate energy markets with AI-first platform
London-based energy software firm Tem has secured $75 million in Series B funding, signaling significant investor confidence in its AI-driven approach to modernizing energy markets. This substantial investment, led by Lightspeed Venture Partners and joined by a host of other prominent investors, underscores the growing demand for intelligent automation in critical infrastructure sectors. The funding will fuel Tem's ambitious expansion plans, including a strategic entry into the United States and Australian markets. Tem's core innovation lies in its AI-native platform, meticulously engineered to automate complex electricity transactions. By leveraging sophisticated machine learning algorithms, the platform excels at forecasting intricate supply and demand dynamics, efficiently matching energy buyers with suppliers, and streamlining the execution of trades. This represents a substantial departure from traditional energy markets, which have historically been hampered by manual processes and outdated legacy systems. This technological advancement has broad implications for the energy sector's efficiency and resilience. By digitizing and automating previously manual operations, Tem's platform aims to reduce operational costs, enhance market transparency, and accelerate the transition to more dynamic and responsive energy grids. The successful adoption of such AI-first solutions could pave the way for greater European digital sovereignty in critical infrastructure management.
Curated and translated by Europe Digital for our multilingual European audience.
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