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E
etalytics
AI-driven energy optimization for industrial processes
SeedClimate & EnergyAI ApplicationVerified
AI-generated summary
etalytics develops AI-powered software that optimizes energy consumption in industrial facilities. Using physics-informed neural networks and real-time sensor data, the platform reduces energy costs by 15-30% while cutting CO2 emissions. Founded as a TU Darmstadt spinout, etalytics works with leading German manufacturers including BASF and Merck.
Founded
2021
Stage
Seed
Raised
€2.5M
Team
14
Company
- Location
- Darmstadt, Germany
- University
- TU Darmstadt
- Legal form
- GmbH
- EXIST grant
- EXIST Forschungstransfer
Milestones
TU Darmstadt spinout
Mar 2021
GmbH incorporated
May 2021
EXIST Forschungstransfer awarded
Jun 2021
First pilot with BASF
Sept 2022
Seed round closed (€1.7M)
Sept 2024
Funding History
| Round | Amount | Date |
|---|---|---|
| EXIST Grant | €300k | Jun 2021 |
| Pre-Seed | €500k | Mar 2022 |
| Seed | €1.7M | Sept 2024 |
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