Brightmerge Overview
Brightmerge is a SaaS-based company that offers an economic optimization modeling tool for energy developers, financiers, and manufacturers. Its software platform helps users optimize the financial, sustainability, and reliability performance of electric vehicle charging hubs using advanced renewable energy microgrid systems. With the help of machine learning, the platform automates tasks such as system right sizing, system placement, component selection, dispatch models, and future system performance prediction. Brightmerge's data platform includes metrics like cash flow, IRR, NPV, LCOE, CO2 emissions, and reliability/availability ratings. The Brightmerge solution can reduce project time and cost by up to 10 times and make projects bankable that might not otherwise get built.
Cumulative Funding Raised Over Time ($)
Latest News
growth-positive
How Startups Can Budget in the Time of Corona
The article provides advice for startups on how to tackle the challenges posed by COVID-19 with a positive outlook. It emphasizes the importance of assessing available resources, managing expenses, exploring financing options, setting checkpoints, planning activities, evaluating personnel needs, and focusing on generating revenue. The article suggests that startups should not only consider layoffs but also explore opportunities to employ people on unpaid vacation at lower rates with government unemployment funds. It also advises startups to focus on increasing the value of investments, seeking government programs and investors, and demonstrating leadership and initiative. The article concludes by emphasizing the importance of adapting, changing, and re-innovating to ensure the survival and success of the business.
InvestmentExpand
growth-positive
Brightmerge Expands Its Advisory Board
Brightmerge, a Tel Aviv-based startup, has appointed Mark Schneider, a leading industry expert in renewable energy ventures, to its advisory board. Schneider brings a wealth of experience and skills to the company, having developed and financed renewable energy projects in Australia for the past 20 years. His appointment follows that of Seth Kiner, who will support the companys expansion of its investor and strategic partner base. Brightmerge provides an enterprise SaaS platform based on proprietary machine learning and big data decision-making solutions for energy microgrid systems.
PartnersManagement Changes
growth-positive
US-Israel Companies Partner to Energy Microgrids into the AI and ML Age
Introspective Systems has finalized a contract with the Binational Research and Development Foundation to collaborate with Brightmerge on a commercialization project for microgrids. The project aims to create an AI-based data solution for microgrid design, development, and operations. Brightmerges expertise in the renewable energy industry and Introspective Systems technological know-how will provide seamless solutions for the future energy system. The current electric transmission system is expensive and inefficient, and microgrids offer a more financially efficient solution. Brightmerge has existing pilots with clients who are eager to embrace the microgrid revolution.
Partners
growth-positive
US and Israel collaborate on clean energy to the tune of $6 million
The US Department of Energy (DoE) and Israel’s Ministry of Energy (MoE) have selected seven clean energy projects to receive a $6 million investment. The projects aim to address energy challenges and opportunities in both countries and focus on commercializing clean energy technologies. The Binational Industrial Research and Development (BIRD) Energy program, which began in 2009, has funded a total of 43 projects with an investment of about $34 million. The selected projects are valued at $12.4 million. The program promotes collaboration between innovative companies and institutes to develop and commercialize new energy technologies.
Investment
| Sector | Automotive & Mobility Technologies |
Funding
| Total funding | $3.03M |
| Last funding | $2M |
| Stage | Seed |
| Rounds | 3 |
| Investors | 3 |
Team Members
10
Employees: 11-50
Web & Social Links
| Website | www.brightmerge.com |
| Careers | Careers page |
Locations
Modi'in-Maccabim-Re'ut, Israel
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