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SenseHawk Raises $5.1 Mn for Software Platform to Enhance Efficiency of Solar Plants
Sep 3, 2020 06:36 PM ET
SenseHawk has actually raised USD 5.1 million in financing for its software program system that enhances performance in the development, construction & procedure of solar plants.
SenseHawk, a SaaS firm that helps consumers develop, build and operate solar and also other infrastructure sites, has actually announced that it has actually increased USD 5.1 million in Series A1 financing. The investment round was led by Alpha Wave Incubation (AWI), a USD 300 million endeavor fund taken care of by Falcon Edge Capital, a leading worldwide alternate property manager, and also backed by ADQ, among the largest regional holding companies based in Abu Dhabi. Existing investor SAIF Partners also got involved with a follow-on financial investment.
SenseHawk’s cloud-based platform as well as application modules fix several difficulties in the advancement, construction and operation of solar sites. Its application modules allow solar firms to lower expenses, boost workforce productivity as well as enhance solar site efficiency leveraging innovative AI and also machine learning designs.
The SenseHawk platform is used by over 80 consumers to analyse over 28 GW of solar possessions in 15 nations, and also the company is focused on expanding its offerings as well as client base as the globe significantly moves to renewable energy. International installed solar capability is expected to enhance from the existing set up base of 600 GW to 3000 GW worldwide in 2030. In addition, the firm declares that it is already expanding its market by serving consumers in road infrastructure, power transmission as well as building and construction sectors, and also growing its collection of offerings beyond solar.
” SenseHawk has innovative innovation, solid global traction and a leadership team with deep experience in the solar industry. We are thrilled to back an industry-leading AI-first SaaS company which brings about step-function rises in performance, productivity as well as price performances for their clients. Its system supplies tremendous application to the UAE as well as the GCC’s already large and expanding renewable energy sector,” stated Anirudh Singh, handling supervisor at Alpha Wave Incubation.
The application modules on the SenseHawk system assistance website as well as surface administration, construction monitoring, operations, thermography, work administration as well as file organization. A mobile application extends the power of the platform as well as brings information to area techs so they have all the information they require at their fingertips. The mobile application likewise sustains onsite navigating, making it possible for individuals to conveniently navigate to alloted jobs on websites that can be 1000s of acres in dimension.
” The SenseHawk platform uses a microservices architecture that allows us to easily build as well as integrate devices that can serve both technological as well as company processes in the solar market,” claimed Saideep Talari, CTO of SenseHawk. “Our objective is to develop a solitary solution to fill up all the software program needs of our solar industry consumers.”
” Be it a programmer, EPC, O&M contractor, possession owner, independent engineer or anyone else that works on a solar project, collaboration is simple using the SenseHawk system and also application modules,” the company specified.
As part of this investment from AWI, SenseHawk will certainly expand its presence to Abu Dhabi and also make use of the Emirate as an international base for worldwide expansion while likewise targeting the Gulf Cooperation Council (GCC) countries, Middle East and North Africa (MENA) and other international markets.
” The financial investment via Alpha Wave Incubation offers calculated accessibility to the MENA market along with powering the recurring growth of our software system. The follow-on financial investment by SAIF Partners is a recognition of our instructions and also declares their dedication to be a long-lasting companion to the start-ups they invest in,” claimed Swarup Mavanoor, CEO and carbon monoxide- creator of SenseHawk. “Solar building and construction is on a fast trajectory and also this new funding enables us to remain to support developers, building contractors and operators of this critical type of renewable resource.”
Tags:
pv power plants
Alpha Wave Incubation
India,
SenseHawk
Anirudh Singh
Saideep Talari
Swarup Mavanoor
Source:
saurenergy.com
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