Observed Signal · Sep 11, 2024 · Funding · Source: Tech.eu · Impact: 2/5 · Sentiment: Positive
UK's tem. secures £10.5M for AI-powered renewable energy platform
UK-based tem., an AI-driven energy procurement platform, has raised £10.5 million in Series A funding, bringing its total funding to £13 million. The platform uses a proprietary algorithm to match businesses directly with renewable energy generators, processing 1.8 billion matches per second and promising savings of up to 25% on energy bills. Atomico led the round, with participation from existing investors AlbionVC and Revent, alongside angel investors including Holly and Sam Branson and Wise executives. The funding will support the expansion of tem.'s platform, which aims to democratize access to renewable energy for small and medium-sized businesses.
Series A funding for an AI-driven energy platform signals growth in AI applications for B2B, but has limited direct impact on the advertising technology industry.
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Key Takeaways & Evidence Grounding
- tem. raised £10.5 million in a Series A funding round.
- The company's total funding now stands at £13 million.
- tem.'s AI engine processes 1.8 billion matches per second.
- The platform claims to save businesses up to 25% on energy bills.
- Atomico led the investment, with participation from AlbionVC and Revent.
Connected Companies & Entities
3 Entities mapped“Atomico led the investment with participation from existing investors AlbionVC and Revent....”
“Wise CTO Harsh Sinha and CPO Nilan Peiris...”
“with their deep energy experience and expertise from Limejump and Shell...”
Ontology Mapping & Concepts
Related Market Signals & Shifts
Recent verified developments and strategic activity across this market segment.
6-K Financial Filing Analysis for Shell (2026-10-07)
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