Verse, a San Francisco, California-based startup that develops software to help businesses comprehend, plan, and handle renewable energy, has secured a $20.5 million Series A investment round.
Investors
- GV
- Coatue
- CIV
- MCJ Collective
Use of funds
The money will be used by the business to assist the development of software products and their commercialization.
About Verse
Seyed Madaeni and Matt Penfold founded Verse in 2022, offering software that lowers scope 2 emissions and power expenses for businesses. Its software-as-a-service platform, AriaTM, uses generative AI to assist businesses in defining clean energy objectives and organizing, acquiring, and maintaining cost-effective clean energy asset portfolios. Consumers may optimize for yearly matching, emissions matching, or hourly matched carbon-free energy (CFE) by setting parameters that target particular objectives (e.g., cost, emissions, or hourly matching).
