raicoon

The AI engine Fit Assessment

Beta

The company provides software solutions for solar farm operations, enhancing efficiency and performance through automation and real-time analysis. For further information on the fit, check this reference

Blurb

SaaS solution for autonomous operations of renewable energy

HQ Location

Wien (Austria)

Founded

2018

Employees

32

Total funding raised

$4.23M

Last Funding Event

Grant, September 24, 2024

Smart insights

  • Catherine Msc (Chief People Officer) worked at Lilium as Head of People Business Partnering for 1.5 years (2021 - 2022)
  • Val Miftakhov (Founder & CEO) worked at Google in various roles, including Head of R&D, Google for Work Incubation, for a total of 4 years (2012 - 2016)
  • 6m headcount growth: 25%
  • 1Y headcount growth: 94%
  • Headcount-to-last-round ratio: 5.3 employees/$M

raicoon makes solar asset operations autonomous.



raicoon autonomous operations center (AOC) is a cloud-based SaaS platform powered by artificial intelligence and machine learning. The system detects 100% of measurable faults and creates zero false alarms.* And through a real-time analysis of current and historical data, it doesn't just present data for you to base decisions on. It actually makes those decisions for you.



Automated fault detection and diagnostics, a simple-to-use ticket and communication system, and live reports about both system and service performance give the system everything it needs to fully automate the tasks of a traditional operations center.



Manual solar operations won't cut it in a rapidly growing market.



raicoon has recovered more than 133 million kWh of energy with over 2,000 systems under contract. By improving the efficiency of existing renewable energy systems, raicoon helps solar asset managers and O&M professionals to increase the energy yield of PV plants by ~6% and improve their bottom line by 30-50%.



We're accelerating the energy transition by improving the efficiency of existing renewable energy systems, and rescuing valuable renewable energy from being wasted – right now, today.



*backed by our partner, Munich Re.