- Tyba raised $13.9 million in Series A funding, led by Energize Capital, to enhance its AI-powered energy storage optimisation platform.
- The platform helps battery operators maximise profits and maintain grid stability by automating energy storage and deployment decisions.
- Tyba partners with significant energy firms and has modelled over 100 GW of projects, securing over $1 billion in funding.
Tyba, a platform focused on energy storage optimisation, raised $13.9 million in a Series A funding round led by Energize Capital. The investment will help Tyba enhance its AI technology and increase energy storage profitability.
This new funding increases Tyba’s total capital to $18.15 million. Pear VC, Mobilize Climate Capital, Borusan Ventures, and existing backers like Powerhouse, Wireframe, Virta, and Lorimer also contributed. Using this fresh capital, Tyba aims to accelerate the development of its AI-based optimisation and forecasting tools.
Energy storage capacity has rapidly grown, now nearing 30 GW in the U.S. Battery operators face increasing complexities in electricity markets and require advanced tools to maximise profits and stabilise the grid. Fluctuations in demand and changing pricing structures further complicate operations. Tyba’s platform automates storage and energy deployment decisions based on market opportunities, allowing operators to increase asset profitability through forecasting algorithms and bid management without needing constant supervision.
Tyba partners with significant energy firms, including TotalEnergies. Its Asset Operations tool simplifies portfolio management by reducing operational constraints. Additionally, Tyba’s Project Simulation tool has modelled over 100 GW of projects and secured over $1 billion in funding.
Energy storage is becoming more vital, especially in volatile grids like those in Texas and California, and effective battery management plays a key role in performance. Tyba ranks among the top 5% of storage assets in terms of performance. It tripled its customer base over the last year and aims to continue expanding.
This new funding will allow Tyba to grow its market presence and offer more advanced tools to meet the rising demand for energy storage optimisation. Tyba focuses on AI-powered solutions to support the global shift towards renewable energy. As energy markets grow more complex, efficient energy storage management becomes essential for energy players seeking to navigate these challenges.
The rise in energy demand and the transition to a renewable energy mix increase the need for optimised storage solutions. Tyba equips operators with the tools to manage these evolving complexities. Tyba helps operators maximise revenues while maintaining grid stability by delivering AI-driven insights and automating energy management.
Tyba’s partnerships with leading energy companies highlight the effectiveness of its platform. The company’s ability to secure significant funding demonstrates the importance of energy storage in supporting the renewable energy transition.
With its AI-driven platform and expanding customer base, Tyba positions itself as a key player in the energy storage sector. The new funding will enable Tyba to continue developing advanced technology and solidify its leadership in the industry, supporting the growing need for efficient energy storage solutions.