XT VC
Assembly Line
enSights Raises $10M to Scale its AI-Powered Clean Energy Optimization Business
enSights, an AI-powered, cloud-based clean energy optimization and management platform company, announced that it completed a $10 million Series A funding round, co-led by venture capital firms JAL Ventures and XT VC, with the participation of the Menomadin Foundation. The infusion of funds will support the company in expanding its global footprint, especially in the US market, by establishing local headquarters and hiring a team of industry professionals. In addition, the company will continue strengthening its ecosystem of SaaS solutions that simplify the business of energy management and optimization.
Experienced renewable energy entrepreneurs Alon Mashkovich, CEO, and Roy Fadida, CPO, co-founded enSights in 2021 with Dekel Yaacov, CTO, to develop a 360-degree, AI-powered energy optimization and management platform that scales business operations while maximizing the financial and energy performance of renewable assets. Since its inception, enSights became its local market leader in the distributed generation segment and expanded into the European market in 2022. With hundreds of active users managing more than 1.6 GWp on enSights’ platform, its automation and smart workflows currently help optimize the daily operations of over 6,000 clean energy assets. Already a financially stable company, this latest capital raise ideally positions the company for sustained long-term growth.