Tem raises $75M to remake electricity markets using AI
ThinkingNews Desk · how this was written
London-based startup Tem, which uses AI-driven machine learning to forecast supply and demand and automate energy transactions for businesses, has raised a $75 million Series B round led by Lightspeed. The funding, valued at more than $300 million, will support the company’s expansion of its AI-powered platform into the United States and Australia.
Written from all 3 reports below, not from any single one.
How it was reported
- TechCrunch·Tem raises $75M to remake electricity markets using AI
Tem has built an AI-powered transaction engine to reduce electricity costs. The startup raised $75M, led by Lightspeed. This funding will help Tem expand to the US and Australia.
- TechMeme·London-based Tem, which uses AI to optimize energy transactions for businesses, raised a $75M Series B led by Lightspeed, a source says at a $300M+ valuation (Tim De Chant/TechCrunch)
London-based Tem uses AI to optimize energy transactions for businesses. The company raised $75M in a Series B led by Lightspeed at a $300M+ valuation. Tem aims to solve energy issues driven by AI data centers.
- The Next Web·Tem raises $75 M to automate energy markets with AI-first platform
Tem, an energy software company, has raised $75 million to automate energy markets with its AI-first platform. The platform uses machine learning to forecast supply and demand, matching buyers with suppliers. It aims to expand into the US and Australia.
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