Alteco AI

Energy Optimization Predictive Tools

Energy Tech
Non Active, Mar 2023 ceased to operate

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. In March 2023, Alteco AI ceased operations.

Business overview

Alteco AI developed a cloud-based platform that leverages artificial intelligence algorithms for device disaggregation. This technology was designed to detect anomalies in energy consumption and production, providing 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, primarily within the Energy Tech sector.

Strategic signal

In March 2023, Alteco AI ceased operations. This indicates a significant shift in the company's trajectory, signaling to investors and innovation teams that the venture is no longer active in the market.

Company Intelligence Q&A

What is Alteco AI's operational status?
Alteco AI is currently non-active, having ceased operations in March 2023.
When was Alteco AI founded and by whom?
Alteco AI was founded in January 2020 by Alon Mashkovich, Roy Fadida, and Dekel Yaacov.
What was Alteco AI's core technology?
Alteco AI utilized a cloud-based platform with artificial intelligence algorithms to perform device disaggregation for energy consumption analysis and forecasting.
How much capital did Alteco AI raise?
Alteco AI raised $1M in a Seed funding round in November 2021 from Fresh Start and OurCrowd.
Which investors participated in Alteco AI's funding round?
In November 2021, Alteco AI received Seed funding from Fresh Start and OurCrowd, totaling $1M.

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