Total amount raised
$31.3 Million
Latest funding date
03/01/2025
Location
Amperon has successfully raised funding over 9 rounds, with notable investments from Samsung Ventures and Acario. The company specializes in AI-driven energy demand forecasting, offering solutions to improve grid reliability and optimize renewable assets.
Keep reading to explore the intricacies of Amperon's fundraising journey and the investors backing this innovative platform.
What Is Amperon?
Amperon, founded in 2018, is an energy forecasting company based in Houston, Texas. Specializing in AI-driven electricity analytics, the company serves various segments within the energy market, including utilities, financial traders, and retailers.
With a team of 101-250 employees, Amperon focuses on improving grid reliability and optimizing renewable assets. The company operates in the Artificial Intelligence, Energy, and Test and Measurement industries, offering solutions tailored to handle the complexities of modern energy grids.
How Much Funding Has Amperon Raised?
- Seed Round
- Amount Raised: USD 504,999
- Date: April 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Early-stage funding to support initial development and growth.
- Grant
- Amount Raised: USD 50,000
- Date: May 2019
- Lead Investors: The New York Community Trust
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support specific project initiatives.
- Debt Financing
- Amount Raised: USD 1,430,000
- Date: November 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To manage operational expenses and support growth.
- Seed Round
- Amount Raised: USD 2,000,000
- Date: April 2020
- Lead Investors: Blackhorn Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial development and growth.
- Series A
- Amount Raised: USD 7,000,000
- Date: May 2022
- Lead Investors: HSBC Asset Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support further development and scaling of Amperon's solutions.
- Series B
- Amount Raised: USD 20,000,000
- Date: October 2023
- Lead Investors: Energize Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate energy analytics and grid decarbonization.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: March 2025
- Lead Investors: National Grid Partners (NGP)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate Amperon's commercial expansion across North America and Europe.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: July 2025
- Lead Investors: Acario
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To advance energy forecasting innovation.
Total Amount Raised: USD 30,984,999. Current Valuation: Not publicly disclosed.
Key Investors
- Samsung Ventures
- Details: Samsung Ventures is the venture capital arm of Samsung Group, focusing on investments in technology and innovation. They have been a lead investor in multiple funding rounds for Amperon.
- Investment Focus Areas: Technology, innovation.
- Notable Investments: Not publicly disclosed.
- Acario
- Details: Acario is one of the most recent investors in Amperon, involved in advancing energy forecasting innovation. Specific details about Acario are not provided.
- Investment Focus Areas: Not specified.
- Notable Investments: Not publicly disclosed.
- National Grid Partners
- 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: Energy transition, AI solutions, innovation.
- Notable Investments: Amperon.
- HSBC Asset Management
- Details: HSBC Asset Management led Amperon's Series A funding round. They are a global asset management firm providing investment solutions to clients worldwide.
- Investment Focus Areas: Financial services, asset management, global markets.
- Notable Investments: Not publicly disclosed.
- Blackhorn Ventures
- Details: Blackhorn Ventures led Amperon's seed round in 2020. They are a venture capital firm focused on investing in companies that improve resource efficiency.
- Investment Focus Areas: Resource efficiency, sustainability, technology.
- Notable Investments: Not publicly disclosed.
What's Next for Amperon?
Amperon is poised for significant growth as it expands its commercial operations across North America and Europe. The company's AI-powered energy forecasting solutions are in high demand, particularly in the context of increasing market volatility and the transition to a more distributed and decarbonized grid. With a strategic investment from National Grid Partners, Amperon is well-positioned to enhance its market analytics and improve grid reliability.
Future fundraising opportunities appear promising, with potential for further strategic investments from venture capital firms interested in AI-driven energy solutions. The company's success in outperforming incumbents in accuracy, especially in key European markets, underscores its growth potential. However, Amperon will need to navigate the complexities of modern energy markets, maintain the accuracy of its forecasting models, and scale its operations effectively to stay ahead of the competition.
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