Splight Raises $12M Seed Round

We´re thrilled to announce our follow-on investment in Splight Inc. as part of their over subscribed $12M seed funding round. We initially backed this promising startup leading their pre-seed round, and their progress since then has only reinforced our belief in their potential to revolutionize the energy industry.

Splight is tackling one of the most critical challenges in the clean energy transition: grid congestion and energy curtailment. Their innovative AI-based software for advanced grid operations uses inverter-based resources (IBR) as a source of reliability, unlocking up to 2x more transmission capacity while simultaneously enhancing grid stability.

What truly sets Splight apart is their exceptional team, with a unique mix of expertise in computer science, electrical engineering, and deep experience in the energy industry, the team's complementary skill sets are perfectly aligned to tackle this complex challenge.

The team's combined experience and unwavering commitment to their mission have been evident since our initial investment. In the months since, they've made significant strides in product development and secured partnerships with industry-leading customers across Europe, the US, and Latin America, further validating our decision to double down on our support.

At Draper Cygnus, we're always on the lookout for startups that have the potential to reshape industries and create significant value. Splight exemplifies this, offering a solution that can be deployed rapidly to inject more than 3,000 GWs of clean energy within months. This technology is not just innovative; it's commercially viable and addresses an urgent global need.

We're thrilled to continue our partnership with Splight as they enter this exciting new phase of growth. With this new funding, Splight plans to expand its presence in North America and the EU, grow its development and implementation team, and strengthen its leadership by attracting top industry talent.

We look forward to seeing Splight reach new heights and invite you to keep an eye on this promising venture that's poised to play a crucial role in accelerating the transition to sustainable energy systems worldwide.