With a successful seed financing round of 3 million euros, suena is setting new standards in the field of renewable energies. The startup from Hamburg University of Technology is supported by Startup Port and Professor Thorsten Alexander Kern from the Institute of Mechatronics and Power Rail Engineering. The AI-supported ‘Autopilot’ software developed is revolutionizing energy trading and optimizing the use of energy storage systems.
Up-and-coming Hamburg-based startup suena recently raised €3 million in an impressive seed funding round, led by leading investors such as Santander InnoEnergy Climate Fund and Energie 360. This round, which was supported by other existing partners such as EIT InnoEnergy, Raakwark Kaptaal and various business angels, marks a key breakthrough for the company, which focuses on developing AI-driven optimization and trading services for flexible energy assets.
Founded in 2021 at Hamburg University of Technology, the company has made a splash in the energy industry with its advanced software “Autopilot”, a fully automated trading-as-a-service platform. This platform enables operators of energy storage and renewable energy systems to use their resources efficiently and effectively by making energy available exactly when and where it is needed most.
suena’s Autopilot uses state-of-the-art algorithms for multi-market optimization and trading based on price and market forecasts to optimize the use of energy storage across different electricity and balancing markets. This innovative technology is designed to handle the immense complexity of efficient and strategic multi-market electricity trading and processes millions of data points in real time. Dr. Lennard Wilkening, CEO of suena, emphasizes the role of autopilot software as a decisive factor in the energy transition. The aim is to use this technology to maximize profits while minimizing risks in the energy market.
Following a successful financing round of 1.2 million euros in 2022, suena is continuing its growth trajectory even in a difficult market environment. The latest financing round is a clear sign of investors’ confidence in suena’s vision and technology and an important step towards revolutionizing the world of electricity trading. The additional funds will be used to strengthen the team and further expand to support suena’s goal of optimizing energy trading and making energy storage operations more efficient.