FSIGHT

AI-based Distributed Energy Management Solution

Energy Tech
Acquired (Inactive) by Tigo Energy on Dec 2022 - closed due to acquisition

Company Overview

Snapshot

Founded in October 2014 by Mordechai (Moti) Friedman, Amos Lasker, and Eveline Steinberger-Kern, FSIGHT operates with 11–50 employees. The company raised $19.3M across four funding rounds, with The Blue Minds Company participating in one round. FSIGHT was acquired by Tigo Energy in December 2022, integrating its energy data analytics solutions.

Business overview

FSIGHT provides artificial intelligence software solutions tailored for the energy market. Its AI technology platform is designed to leverage decentralized market dynamics and smart metering data to optimize energy consumption and production. The company focuses on unlocking the full potential of Distributed Energy Resources (DERs) and managing flexibility, assisting energy providers, hardware producers, and end customers in the renewable and distributed energy sector. FSIGHT operates within the Energy Tech sector, specializing in areas such as smart grid, solar energy, and energy efficiency.

Strategic signal

In December 2022, FSIGHT was acquired by Tigo Energy, a strategic move aimed at advancing energy data analytics solutions within the solar industry. This acquisition signals a consolidation trend in the energy tech sector, where AI-driven optimization capabilities are becoming critical for managing complex distributed energy systems. For investors, this highlights the increasing value placed on companies that can enhance grid efficiency and integrate renewable sources through intelligent software.

Company Intelligence Q&A

What was a significant corporate milestone for FSIGHT?
FSIGHT was acquired by Tigo Energy in December 2022, a move that integrated FSIGHT's energy data analytics solutions to enhance Tigo Energy's offerings.
Who founded FSIGHT?
FSIGHT was co-founded by Mordechai (Moti) Friedman, Amos Lasker, and Eveline Steinberger-Kern in October 2014.
What was FSIGHT's total capital raised?
FSIGHT raised a total of $19.3M across four funding rounds prior to its acquisition.
Did FSIGHT receive any grants?
In February 2019, FSIGHT received a grant of $500,000 from the BIRD Foundation. Additionally, in October 2017, the company secured a grant from the Israel Innovation Authority.
Which company acquired FSIGHT?
FSIGHT was acquired by Tigo Energy in December 2022.

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