# Tem

**Source:** https://www.startuphub.ai/startups/tem
**Profile type:** Startup

> Tem uses AI to remake electricity markets by matching generators with consumers.

## About

Tem has built an energy transaction engine that relies on AI to cut prices relative to other energy traders. The company has signed up more than 2,600 business customers throughout the U.K. on the promise that buying energy from its utility division can save them up to 30% on their energy bills. Tem is a marketplace play, matching electricity generators with consumers, focusing on renewable energy generators and small businesses. The company operates two businesses: Rosso, the transaction engine using AI to predict supply and demand, and RED, a 'neo-utility' built to prove the value of Rosso.

## Key facts

- **Slug:** tem
- **Location:** London, United Kingdom
- **Operating status:** Active
- **Total funding:** $75M
- **Sectors / tags:** AI, Energy, Marketplace

## Frequently asked

### What does Tem do?

Tem has built an energy transaction engine that relies on AI to cut prices relative to other energy traders. The company has signed up more than 2,600 business customers throughout the U.K. on the promise that buying energy from its utility division can save them up to 30% on their energy bills. Tem is a marketplace play, matching electricity generators with consumers, focusing on renewable energy generators and small businesses. The company operates two businesses: Rosso, the transaction engine…

### What is Tem's revenue?

StartupHub estimates Tem's annual revenue at $50.4M (range $30.9M to $125.0M, 46% confidence), based on comparable companies in the sector.

### What is Tem's valuation?

StartupHub estimates Tem's effective valuation at $450.0M (range $180.0M to $763.9M, 58% confidence), based on comparable companies in the sector.

### How much funding has Tem raised?

Tem has raised a total of $75M in funding. The most recent round on record is Series B.

### Where is Tem headquartered?

Tem is headquartered in London, United Kingdom.

### What industry does Tem operate in?

Tem operates in AI, Energy, Marketplace.

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