Raptor Maps

Raptor Maps

Software solutions for solar energy optimization

About Raptor Maps

Simplify's Rating
Why Raptor Maps is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Data & Analytics

Energy

AI & Machine Learning

Company Size

51-200

Company Stage

Series C

Total Funding

$62.1M

Headquarters

Somerville, Massachusetts

Founded

2015

Overview

Raptor Maps provides software solutions specifically designed for the solar energy industry, focusing on solar photovoltaic (PV) systems. Its main product, Raptor Solar, is a software-as-a-service (SaaS) platform that supports the entire lifecycle of solar assets, from financing and construction to ongoing operations. The platform uses technologies like digital twins, aerial thermal inspections, and machine learning to deliver detailed analytics that help clients identify and prioritize issues in their solar systems. This leads to improved power production, reduced risks, and lower operating costs. Raptor Maps differentiates itself by offering a comprehensive analysis of data from various sources, including drones and satellites, ensuring clients can meet warranty requirements and access historical inspection reports. The company's goal is to optimize solar PV assets, making it easier for stakeholders in the solar energy sector to manage and enhance their investments.

YC Company
💵
Funded Recently
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Simplify's Take

What believers are saying

  • Raptor Maps secured $35M in Series C funding to enhance solar automation.
  • The Instant Inspections AI solution detects thermal anomalies 99% faster than traditional methods.
  • Growing demand for AI-driven solar asset management boosts Raptor Maps' market potential.

What critics are saying

  • Emerging solar software companies could threaten Raptor Maps' market share.
  • Rapid technological advancements require continuous innovation to maintain a competitive edge.
  • Data privacy concerns may lead to regulatory scrutiny and impact customer trust.

What makes Raptor Maps unique

  • Raptor Maps offers a comprehensive SaaS platform for solar lifecycle management.
  • The platform uses digital twins and machine learning for detailed solar asset analytics.
  • Raptor Maps integrates diverse data sources for a holistic view of solar asset performance.

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Funding

Total Funding

$62.1M

Below

Industry Average

Funded Over

6 Rounds

Notable Investors:
Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Below Average

Industry standards

$50M
$40M
Figma
$50M
Medium
$62M
SeatGeek
$100M
Oura

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Unlimited Paid Time Off

401(k) Retirement Plan

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

-2%

2 year growth

0%
Intelligence360
Dec 20th, 2024
Raptor Maps Secures $35M for Solar Tech

Raptor Maps has closed a $35 million Series C financing round led by Maverix Private Equity, with participation from existing investors. The investment aims to enhance solar farm productivity and accelerate smart energy solutions. Raptor Maps plans to use the funds to advance product development in solar automation and machine-learning insights, and to expand its team. The company recently launched Raptor Solar Sentry, a software product for solar operations and maintenance.

PV Magazine USA
Dec 11th, 2024
Solar drone inspection software company secures $35 million in funding

Raptor Maps secured a $22 million Series B investment in 2022 from Canadian private investment firm MacKinnon, Bennett & Co., a specialist in energy, transportation, and climate tech.

Finsmes
Dec 10th, 2024
Raptor Maps Secures $35M Series C Funding

Raptor Maps, a Boston-based company, raised $35 million in Series C funding led by Maverix Private Equity, with participation from existing investors. The funds will be used to enhance product development in solar automation, work management, and machine-learning insights, and to expand their team in software engineering and data science.

Solar Industry Magazine
Mar 14th, 2024
Raptor Maps' Global Solar Report Finds $4.6B Annual Revenue Loss

Raptor Maps has released the sixth edition of its Global Solar Report, featuring data this year that it says demonstrates the underperformance of solar assets.

Business Wire
Mar 4th, 2024
Luminace Selects Raptor Maps’ Instant Inspections Ai Solution For Solar Fleet

BOSTON--(BUSINESS WIRE)--Raptor Maps, the leading provider of solar asset health management software, announced that Luminace is deploying a groundbreaking advancement in Commercial and Industrial (CI) solar operations with Raptor Maps’ Instant Inspections. The AI-driven offering enables the detection of high-priority thermal anomalies 99% faster than conventional solar aerial inspections. Luminace, a Brookfield company with a distributed generation portfolio spanning more than 1,400 MW across over 1,400 sites, rigorously tested and validated the AI-powered solution across multiple sites (rooftop, carport, and ground-mount). With Instant Inspections, Luminace technicians can collect aerial inspection data, receive results, and remediate high-priority issues on the same day. The Raptor Maps software underpinning Instant Inspections leverages geospatial models to achieve a level of precision that eliminates redundant truck rolls by making aerial data collection and remediation processes a single event, optimizing technician activities for Luminace. “We are excited to collaborate with Raptor Maps as we strive to serve customers with safe, cost-effective, and reliable distributed energy assets,” said Luminace COO Elizabeth Brennan

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