Total amount raised
$31.3 Millions
Latest funding date
03/01/2025
Location
Amperon has successfully raised funds through multiple rounds, with its latest funding round occurring on March 12, 2025, from National Grid Partners. The company specializes in AI-powered electricity analytics, providing high-precision forecasting solutions for energy market participants.
With 22 investors backing its innovative platform, Amperon continues to enhance grid reliability and optimize renewable energy usage. Keep reading to explore the intricacies of Amperon's fundraising journey and the investors supporting this forward-thinking company.
What Is Amperon?
Amperon, founded in September 2017, is an energy forecasting company based in Houston, Texas. The company specializes in AI-powered electricity analytics, providing high-precision forecasting solutions for energy market participants.
Founded by Abe Stanway and Sean Kelly, Amperon employs between 101 and 250 people. The company leverages data from over 70 million smart meters to deliver real-time energy data forecasts, catering to various market participants, including energy traders, utilities, and large energy buyers.
How Much Funding Has Amperon Raised?
- Funding Round: Seed Round
- Amount Raised: $860K
- Date: April 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop initial AI-powered electricity analytics and establish a market presence.
- Funding Round: Grant
- Amount Raised: $50K
- Date: May 2019
- Lead Investors: The New York Community Trust
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage development and community-focused energy projects.
- Funding Round: Debt Financing
- Amount Raised: $1.4M
- Date: November 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure working capital for scaling operations and expanding market reach.
- Funding Round: Seed Round
- Amount Raised: $2M
- Date: April 2020
- Lead Investors: Blackhorn Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance AI capabilities and improve forecasting accuracy.
- Funding Round: Series A
- Amount Raised: $7M
- Date: May 2022
- Lead Investors: HSBC Asset Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and enter new markets.
- Funding Round: Series B
- Amount Raised: $20M
- Date: October 2023
- Lead Investors: Energize Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and accelerate commercial expansion.
- Funding Round: Venture Round
- Amount Raised: Not publicly disclosed
- Date: March 2025
- Lead Investors: National Grid Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate commercial expansion across North America and Europe.
Total Amount Raised: $31.31M
Current Valuation: Not publicly disclosed
Key Investors
- National Grid Partners (NGP)
- Details: National Grid Partners is the venture investment and innovation arm of National Grid plc., one of the world's largest investor-owned energy companies. They provide corporate venture capital, business development counsel, and direct integration with National Grid's innovation teams.
- Investment Focus Areas: AI solutions advancing the energy system, grid modernization and resilience, enhancing grid operations in the US and UK.
- Notable Investments: Amperon
- Energize Capital
- Details: Energize Capital is a venture capital firm that focuses on investing in companies that are transforming the energy and industrial sectors. They aim to support innovative solutions that drive efficiency and sustainability.
- Investment Focus Areas: Energy technology, industrial technology, sustainability.
- Notable Investments: Not publicly disclosed
- HSBC Asset Management
- Details: HSBC Asset Management is a global asset management firm that provides investment solutions to institutional and individual investors. They manage a diverse range of investment strategies across various asset classes.
- Investment Focus Areas: Equities, fixed income, multi-asset solutions.
- Notable Investments: Not publicly disclosed
- Blackhorn Ventures
- Details: Blackhorn Ventures is a venture capital firm that invests in early-stage companies focused on improving resource efficiency. They support startups that leverage technology to create sustainable solutions.
- Investment Focus Areas: Resource efficiency, sustainability, technology.
- Notable Investments: Not publicly disclosed
- The New York Community Trust
- Details: The New York Community Trust is a public charity that supports nonprofits in New York City. They provide grants to organizations working in various sectors to improve the quality of life in the community.
- Investment Focus Areas: Community development, education, health.
- Notable Investments: Not publicly disclosed
What's Next for Amperon?
Amperon stands at the cusp of significant growth, driven by its expansion across North America and Europe. The company's AI-powered energy forecasting solutions are poised to enhance grid reliability and optimize renewable energy usage, particularly in key markets like the UK, France, and Germany. This expansion is bolstered by a strategic investment from National Grid Partners, part of a $100 million commitment to AI solutions, underscoring the vast opportunities ahead.
Future fundraising appears promising as the demand for advanced AI-driven solutions in the energy sector continues to rise. Amperon's strong performance and market expansion make it an attractive candidate for further investments, potentially leading to additional funding rounds or even acquisitions by larger energy companies seeking to enhance their AI capabilities.
However, Amperon will need to navigate the complexities of modern energy markets, maintain the accuracy of its forecasting models, and manage financial risks in a volatile market. As the company scales its operations, ensuring high-quality customer support and seamless data integrations will be crucial to sustaining its growth trajectory.
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