Tem raises $75 M to automate energy markets with AI-first platform
London-based energy software company Tem has closed a $75 million Series B round led by Lightspeed Venture Partners, with additional funding from AlbionVC, Atomico, Hitachi Ventures, Schroders Capital, Voyager Ventures, Allianz, and others. The round reportedly values the company at more than $300 million and will fund its expansion into the United States and Australia. Tem builds an AI-native energy platform designed to automate the pricing, matching, and execution of electricity transactions, a market that has long relied on manual processes and legacy infrastructure. Its core system uses machine learning to forecast supply and demand, match buyers with suppliers, and…This story continues at The Next Web [...]
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