Raycatch

Company Overview

Snapshot

Founded in August 2015 by Noam Noy, Mike Goldstein, and Haggai Hofland, Raycatch operated with 1–10 employees. The company secured total disclosed capital of $10.3M across 4 funding rounds from 6 investors. A significant milestone occurred in November 2022 when Raycatch was acquired by Bladeranger.

Business overview

Raycatch develops DeepSolar, a cloud-based, fully automated AI diagnostics system designed for photovoltaic plants. This technology applies proprietary algorithms and deep-learning techniques to existing plant data to identify patterns, determine root causes of issues, and provide actionable insights. DeepSolar serves plant owners, asset managers, and operations and maintenance teams by offering decision-making capabilities, accurately reporting plant health, and advising on repair investments. The system integrates with existing SCADA and monitoring systems, presenting data in a unified dashboard to optimize energy yield, reduce operational costs, and boost return on investment in the solar energy sector.

Strategic signal

In November 2022, Raycatch's assets were acquired by solar-tech developer BladeRanger, as reported by SAP.iO. This acquisition signals a strategic consolidation within the solar energy technology market, indicating that Raycatch's AI-driven PV portfolio management solutions were recognized for their value and integrated into a larger entity. For investors, this highlights the potential for exits and strategic alignments in the cleantech sector, particularly for companies offering advanced analytics and operational optimization in renewable energy.

Company Intelligence Q&A

What is Raycatch's primary offering?

Raycatch's primary offering is DeepSolar, a cloud-based, fully automated AI diagnostics system that provides a 360º view of photovoltaic plants, delivering actionable insights and decision-making capabilities to optimize energy yield and reduce operational costs.

When was Raycatch acquired and by whom?

Raycatch was acquired by Bladeranger in November 2022, leading to its inactive status.

Which investors participated in Raycatch's November 2018 funding round?

In November 2018, Raycatch secured a financing round led by DSM Venturing and joined by BayWa r.e. Energy Ventures.

What is the core technology behind Raycatch's DeepSolar platform?

Raycatch's DeepSolar platform utilizes proprietary algorithms and deep-learning techniques to analyze existing plant data, identify patterns, and determine the root causes of issues in photovoltaic plants.

What recognition did Raycatch receive in June 2019?

In June 2019, Raycatch won an Intersolar Award and released its next-generation automated AI Diagnostic DeepSolar™ system.