Hamburg-based Suena, a specialist provider of a novel energy storage optimisation and trading software, has successfully closed its seed funding round.
The EUR 3 million round was co-led by the Santander InnoEnergy Climate Fund and Smart Energy Innovationsfonds of Energie 360, with additional participation from the existing shareholders EIT InnoEnergy, Raakwark Kaptaal, and Business Angels. Suena will use the capital to broadly introduce its AI-based “Autopilot” software solution to markets across Europe, further extend its functionality and expand the team with international top talent.
Suena was born out of a vision to be a catalyst for the energy transition. Energy storage capacity at scale and its efficient deployment is a crucial part of that. With the Suena Autopilot, Suena offers a 100% software-based and fully automated trading-as-a-service platform for energy storage and renewable energy asset owners, making crucially important storage capacity and renewable energy available when and where it’s needed the most.
Dr. Lennard Wilkening, CEO
The Suena Autopilot is designed to handle the immense complexity of efficient and strategic power trading on electricity and balancing markets. It processes millions of data points every minute, continuously optimises trading strategies, and reacts in real-time to fluctuations in the power grid. Hereby, Suena’s modular software design allows to quickly adapt to new market designs and varying regulations allowing the company to rapidly scale its operations internationally.
Led by the Santander InnoEnergy Climate Fund and the Smart Energy Innovationsfonds of Energie 360, this seed round brings together a group of innovation-centric investors who are confident in Suena’s strategy and capable to support the start-up on its ambitious growth path.