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Tyba provides an AI-powered platform to increase profitability of energy storage for developers, owners, and operators. It has two modules: a Project Simulation module for modeling and underwriting standalone and co-located storage projects across North America, Europe, and Oceania, and an Auto-Bidding module that uses AI-based price forecasts, optimization, and bidding algorithms to maximize revenue for operating assets in markets like CAISO and ERCOT. The platform acts as a mission control center, combining forecasting, trading, and dispatch optimization to inform and automate storage operations, with clients including TotalEnergies. The goal is to scale capabilities into new markets and asset classes while continuing to maximize revenue for energy storage assets, with traction such as over 1 GWh under management and pilot projects with Avangrid.
Industries
Data & Analytics
Energy
Enterprise Software
AI & Machine Learning
Company Size
11-50
Company Stage
Series A
Total Funding
$16.2M
Headquarters
Los Angeles, California
Founded
2021
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Total Funding
$16.1M
Below
Industry Average
Funded Over
2 Rounds
Industry standards
Parental Leave
Medical Benefits
Unlimited Paid Time Off
Remote Work Options
Hybrid Work Options
Stock Options
Throughout the pilot, Avangrid's teams collaborated closely with Tyba through weekly working sessions and engagement.
Tyba, a San Francisco-based energy storage optimization platform provider, raised $13.9M in Series A funding led by Energize Capital, with participation from Pear VC, Mobilize Climate Capital, and Borusan Ventures, and follow-on investment from Powerhouse, Wireframe, Virta, and Lorimer. The funds will be used to scale its AI-enabled energy solutions. This brings Tyba's total funding to $18.15M.
Noon Energy, a startup that makes high-density carbon-oxygen batteries, raised $28 million in Series A funding from Clean Energy Ventures and Aramco Ventures’ Sustainability Fund.
Tyba, an Oakland, CA-based modeling platform for developing, financing, and operating solar and storage projects, raised $2.25m in seed funding. The round was co-led by Powerhouse Ventures andWireframe Ventures, with participation from Lorimer Ventures, MKT1 Capital, and Virta Ventures.The company intends to use the funds to continue to expand operations and its development efforts. Led by Michael Baker, CEO, Tyler Nisonoff, CTO, and Tom Thunell, COO, Tyba provides an accessible modeling platform that simplifies and unifies project modeling applications, adding value during both development and operations. Leading community and utility-scale solar and storage firms are currently using its models to determine solar production and energy storage dispatch, leverage wholesale market price data (historical and forecasted) to inform optimal dispatch and project valuation, and generate risk-adjusted bids for physical power delivery. For each, the company uses the best models available, whether that is AI/ML for price forecasting, cutting-edge physical models for energy production, or tried and true linear optimizers.FinSMEs26/01/2023
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Industries
Data & Analytics
Energy
Enterprise Software
AI & Machine Learning
Company Size
11-50
Company Stage
Series A
Total Funding
$16.2M
Headquarters
Los Angeles, California
Founded
2021
Find jobs on Simplify and start your career today