enSights, an AI-powered, cloud-based clean energy optimization and management platform company, has announced the completion of a $10 million Series A funding round. The round was co-led by JAL Ventures and XT VC, with participation from the Menomadin Foundation.
The funds will be used to expand enSights' operations, particularly in the US market, by establishing local headquarters and hiring industry professionals. Additionally, the company plans to enhance its ecosystem of SaaS solutions for energy management and optimization.
Founded by Alon Mashkovich (CEO), Roy Fadida (CPO), and Dekel Yaacov (CTO) in 2021, enSights has developed a comprehensive AI-powered platform for energy optimization and management. The platform aims to maximize the financial and energy performance of renewable assets while scaling business operations. enSights has become a leader in the distributed generation segment locally and expanded into the European market in 2022.
Currently, the platform supports hundreds of active users managing over 1.6 GWp and optimizing the daily operations of more than 6,000 clean energy assets.
The latest investment positions enSights for sustained long-term growth. According to CEO Alon Mashkovich, the market demand for a simple, sophisticated energy optimization platform is high, with many asset owners and managers seeking solutions to scale their portfolios and address complex energy needs.
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The global market for clean energy optimization and management software is also expected to grow, with significant increases in O&M software spending projected through 2027.
The startup previously raised over $2 million from The Big Light Renewable Energy Holdings and Kahane Group.
