Company Overview
Snapshot
Founded in February 2022 by Matias Sigal, REplace operates with 11–50 employees. The company has raised $2.6M across two funding rounds from six investors. In May 2025, REplace secured funding from investors including Adama Ventures.
Business overview
REplace develops a data-driven platform to optimize site selection for solar and wind energy projects. The company's proprietary algorithm analyzes various factors, including technology type, project size, and regional characteristics, to provide renewable energy developers with actionable insights and detailed analyses for optimal locations. REplace operates within the Energy Tech sector, specifically targeting the renewable energy systems and utilities markets to accelerate the global transition to sustainable energy sources.
Strategic signal
In May 2025, REplace raised $2.1M to accelerate clean energy deployment, signaling strong investor confidence in its AI-driven site selection platform. This funding round, which included participation from Adama Ventures and Malbec Ventures, highlights the growing market demand for efficient and data-backed solutions in the renewable energy sector, positioning REplace for further expansion and technological advancement.
Log in to access full profile ›Company Intelligence Q&A
- What is REplace's core mission?
- REplace aims to make renewable energy development more cost-efficient by identifying optimal land with the lowest chances of failure and maximum return on investment, thereby accelerating the global transition to cleaner energy sources.
- When was REplace founded and by whom?
- REplace was founded in February 2022 by Matias Sigal, who serves as Co-founder & CEO, and Alan Algamis, Co-founder & CTO.
- What significant funding did REplace receive in May 2025?
- In May 2025, REplace raised $2.1M in a funding round that included investments from Adama Ventures.
- How does REplace streamline site selection for renewable energy projects?
- REplace utilizes a proprietary algorithm that assesses potential sites for renewable energy projects based on over 40 different parameters, enabling companies to identify optimal locations with a single click.