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§ Private Profile · Vienna, Wien, Austria
SaaS platform for real-time predictive planning and optimization of hydropower plants, using machine learning for forecasting.
Hydrogrid, based in Vienna, Austria, provides a SaaS platform for real-time predictive planning and optimization of hydropower plants using machine learning for inflow and power price forecasting. The platform enables operators to react to weather and market changes, minimize water losses, maximize revenues, and ensure compliance for run-of-river, pondage, storage, and cascade hydro-assets. Serving customers in Europe, North and South America, and 7 countries, the company has grown more than threefold for two consecutive years and secured $8.4 million in funding. It employs 21-50 individuals, with notable staff including Director of Product Philipp Parrer and Philipp Thurn und Taxis, founder of CNB Capital. Founded in 2016, Hydrogrid was awarded a national digitalization prize in 2019. Its business model centers on saaS software subscriptions for hydropower production planning and optimization services.
Hydrogrid has raised $8.5M across 1 funding round.
Hydrogrid has raised $8.5M in total across 1 funding round.
Hydrogrid has raised $8.5M across 1 funding round. Most recently, it raised $8.5M Series A in December 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 20, 2023 | $8.5M Series A | Michal Mravec, Tommi Uhari | Rolf Pfeiffer, CNB Capital, SET Ventures | Announced |
Hydrogrid has raised $8.5M in total across 1 funding round.
Hydrogrid's investors include Michal Mravec, Tommi Uhari, Rolf Pfeiffer, CNB Capital, SET Ventures.