Raycatch

AI-driven PV Portfolio Management

Energy Tech
Acquired (Inactive) by Bladeranger on Nov 2022 - closed due to acquisition

Company Overview

Snapshot

Founded in August 2015 by Noam Noy, Mike Goldstein, and Haggai Hofland, Raycatch operated with 1–10 employees. The company raised a total of $10.3 million across 4 funding rounds from 6 investors. In November 2022, Raycatch was acquired by Bladeranger.

Business overview

Raycatch developed DeepSolar, a cloud-based, fully automated AI diagnostics system for photovoltaic plants. The technology applies proprietary algorithms and deep-learning techniques to existing plant data to identify patterns, determine root causes of issues, and provide actionable insights. Serving plant owners, asset managers, and operations and maintenance teams, DeepSolar helps optimize energy yield, reduce operational costs, and boost ROI by accurately reporting plant health and advising on repair investments. The system integrates with existing SCADA and monitoring systems, operating within the Energy Tech sector.

Strategic signal

In November 2022, Raycatch's assets were acquired by solar-tech developer BladeRanger. This acquisition signals a consolidation within the solar energy diagnostics market, with BladeRanger integrating Raycatch's AI-driven PV portfolio management capabilities to enhance its offerings. For investors, this indicates a strategic move to leverage advanced analytics for optimizing solar asset performance and potentially expanding market reach.

Company Intelligence Q&A

What was the most significant corporate event for Raycatch?
In November 2022, Raycatch was acquired by BladeRanger, leading to its status as an inactive entity.
When did Raycatch secure its Series B funding round?
In November 2018, Raycatch secured a Series B financing round led by DSM Venturing and BayWa r.e. Energy Ventures.
What is DeepSolar?
DeepSolar is Raycatch's cloud-based, fully automated AI diagnostics system designed to deliver a 360º view of photovoltaic plants, providing actionable insights for plant owners and operators.
What is Raycatch's primary business model?
Raycatch primarily operates on a B2B business model, providing its AI-driven DeepSolar diagnostics system to other businesses in the energy sector.
What was Raycatch's total capital raised?
Raycatch raised a total of $10.3 million across 4 funding rounds.

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