Alteco AI
Energy Optimization Predictive Tools
Company Overview
Snapshot
Founded in January 2020 by Alon Mashkovich, Roy Fadida, and Dekel Yaacov, Alteco AI operated with 1–10 employees. The company raised $1M across one funding round from two investors.
Business overview
Alteco AI developed a cloud-based platform that leverages artificial intelligence algorithms for device disaggregation. This technology detects anomalies in energy consumption and production, generating insights and alerts for energy efficiency, cost savings, predictive maintenance, and forecasting. The company aimed to reduce energy consumption and gas emissions, serving markets in North America, Central America, South America, Europe, and Israel within the Energy Tech sector.
Strategic signal
In September 2022, Alteco AI was highlighted for its innovative approach to energy management in the food and beverage industry, positioning its technology as the 'Shazam' of energy management. This indicated a strong market validation for its AI-driven predictive tools and their potential to empower industries to actively manage, rather than just consume, energy, signaling a forward trajectory in industrial energy optimization before the company ceased operations.
Log in to access full profile ›Company Intelligence Q&A
- What is Alteco AI's primary mission?
- Alteco AI's mission is to reduce energy consumption and gas emissions through its cloud-based platform that utilizes artificial intelligence algorithms.
- When was Alteco AI founded and by whom?
- Alteco AI was founded in January 2020 by Alon Mashkovich, Roy Fadida, and Dekel Yaacov.
- What type of technology does Alteco AI utilize?
- Alteco AI utilizes artificial intelligence algorithms within a cloud-based platform to perform device disaggregation, detect consumption/production anomalies, and generate insights.
- Which markets does Alteco AI serve?
- Alteco AI serves geomarkets including North America, Central America, South America, Europe, and Israel.
- What was a notable recognition for Alteco AI's technology?
- In September 2022, Alteco AI's energy management system was recognized as the 'Shazam' of energy management, empowering the food and beverage sector to actively manage energy consumption.