Microsoft is investing eight million euros in this startup from Darmstadt

Optimal energy consumption with consistent performance: This is what the startup Etalytics promises with its AI software. Now the startup has expanded its Series A round.

Making energy consumption in industries efficient: This is what the deep tech startup Etalytics from Darmstadt does. The founders Björn König, Niklas Panten and Thomas Weber have developed AI-based software for this purpose. Almost a year ago, the startup completed its Series A financing of eight million euros. Here you can see the pitch deck that convinced the team back then.

These are the investors in Etalytics

Now Etalytics has expanded the round by eight million – led by M12, Microsoft's venture fund, which is joining as a new strategic investor. The Series A therefore amounts to a total of 16 million euros.

Etalytics' investors also include Carsten Maschmeyer, who is investing with his venture arm Alstin Capital. Also on board: ebm-Papst and the investment management company of the state of Hesse (BMH).

Read too

Etalytics wants to use AI to optimize energy consumption in companies – it was awarded 8 million euros for this

First a research project, then a GmbH

Etalytics is a spin-off from TU Darmstadt. The startup emerged from a research project on AI-supported energy system analysis. Together, Panten (CEO) and Weber (CSO) pursued the project for seven years and even “built an entire factory” for it, as Panten once explained in an interview with Gründerszene.

Today, Etalytics' software is used in data centers, chemical and pharmaceutical plants, but also in automobile production.

Etalytics goes to North America

With the increased financial injection, Etalytics plans to expand to North America, further expand projects in Europe and Asia and further develop the etaOne platform. In addition, the team should grow to 120 employees within the next two years.