Ogre AI, startup focused on data science and specialized in providing solutions for the energy sector, based on machine learning (ML) and artificial intelligence (AI), present on the markets of Great Britain, Romania and Greece, and winner of the title of Best StartUp at the CEE Startup Challenge competition recently organized by Vestbee, has issued an invitation to participate in its new funding round to all investors present on the Seedblink equity crowdfunding platform. The deadline is January 11, 2024.
The energytech startup recently opened a funding round with the ultimate goal of raising two million euros, of which 200,000 euros through the equity crowdfunding platform.
In September 2023, the company received an investment of €625,000 from Soulmates Ventures as part of this investment round. Early last year, Ogre AI received seed funding of €2 million in a round led by EGV, with participation from London-based venture capital fund MMC and international business angel investors.
“In the context of an increasing focus on reducing energy losses, reducing operator costs and migrating to alternative energy, Ogre AI is in a very good position in a dynamic market, essential for the global population. We already have a history of successful implementations at well-known customers in the energy market and we are confident that we will become the number 1 provider of forecasting technologies for the energy industry based on artificial intelligence in the coming period”, says Matei Stratan, CEO and co-founder of Ogre AI.
Established at the end of 2021, the Ogre AI team managed to reach 15 members this year, Frank Hajdinjak recently being co-opted, in the role of Chief Growth Manager, former CEO of E.ON Romania until 2019. The company’s main business objective is to reach recurring revenues of 1 million euros in one year and exceed 2 million euros in two years.